Utilize este identificador para referenciar este registo: https://hdl.handle.net/10216/96367
Autor(es): Fernanda A. Ferreira
Flávio Ferreira
Alberto A. Pinto
Título: Unknown costs in a duopoly with differentiated products
Data de publicação: 2007
Resumo: We consider a duopoly model with unknown costs. The firms' aims are to maximize their profits by choosing the levels of their outputs. The chooses are made simultaneously by both firms. In this paper, we suppose that each firm has two different technologies, and uses one of them following a probability distribution. The utilization of one or the other technology affects the unitary production cost. We show that this game has exactly one Bayesian Nash equilibrium. We analyze the advantages, for firms and for consumers, of using the technology with highest production cost versus the one with cheapest production cost. We also analyze the expected total quantity produced in each situation, which is of particular importance in the case that scanty natural resources are used in the production.
Descrição: We consider a duopoly model with unknown costs. The firms' aims are to maximize their profits by choosing the levels of their outputs. The chooses are made simultaneously by both firms. In this paper, we suppose that each firm has two different technologies, and uses one of them following a probability distribution. The utilization of one or the other technology affects the unitary production cost. We show that this game has exactly one Bayesian Nash equilibrium. We analyze the advantages, for firms and for consumers, of using the technology with highest production cost versus the one with cheapest production cost. We also analyze the expected total quantity produced in each situation, which is of particular importance in the case that scanty natural resources are used in the production.
Assunto: Matemática
Mathematics
Áreas do conhecimento: Ciências exactas e naturais::Matemática
Natural sciences::Mathematics
URI: https://repositorio-aberto.up.pt/handle/10216/96367
Fonte: Mathematical Methods in Engineering. Springer.
Tipo de Documento: Capítulo ou Parte de Livro
Condições de Acesso: restrictedAccess
Aparece nas coleções:FCUP - Capítulo ou Parte de Livro

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