Arbeitspapier

On Nash equilibrium in prices in an oligopolistic market with demand characterized by a nested multinomial logit model and multiproduct firm as nest

This note provides a proof on existence and uniqueness of Nash equilibrium in prices in a market where the demand side is characterized by a nested multinomial logit model with multiproduct firm as nest and the supply side consists of oligopolistic price-setting multiproduct firms with each producing various differentiated variants.

Sprache
Englisch

Erschienen in
Series: Discussion Papers ; No. 454

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Existence and Stability Conditions of Equilibrium
Noncooperative Games
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Oligopoly and Other Imperfect Markets
Thema
oligopolistic market
multiproduct firm
nested multinomial logit model
Nash equilibrium

Ereignis
Geistige Schöpfung
(wer)
Liu, Gang
Ereignis
Veröffentlichung
(wer)
Statistics Norway, Research Department
(wo)
Oslo
(wann)
2006

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Liu, Gang
  • Statistics Norway, Research Department

Entstanden

  • 2006

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