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.
- Language
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Englisch
- Bibliographic citation
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Series: Discussion Papers ; No. 454
- Classification
-
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
- Subject
-
oligopolistic market
multiproduct firm
nested multinomial logit model
Nash equilibrium
- Event
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Geistige Schöpfung
- (who)
-
Liu, Gang
- Event
-
Veröffentlichung
- (who)
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Statistics Norway, Research Department
- (where)
-
Oslo
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Liu, Gang
- Statistics Norway, Research Department
Time of origin
- 2006
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