X hits on this document

PDF document

Cournot’s model of oligopoly - page 23 / 38

106 views

0 shares

0 downloads

0 comments

23 / 38

Strategic game

  • players: the two parties

  • each player’s set of actions is [0, ) (set of possible

concession times)

  • player i’s preferences are represented by payoff function

ui(t1, t2) =

1 2 ti vi ti vi tj

if ti < tj if ti = tj if ti > tj,

where j is the other player.

23

Document info
Document views106
Page views106
Page last viewedFri Dec 09 20:44:07 UTC 2016
Pages38
Paragraphs543
Words4259

Comments