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Results tagged with game-theory
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user 14416
Game theory is a study of situations of strategic interaction between two or more players in which there is a predefined set of rules and an outcome associated with each choice taken.
1
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0
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Cournot competition subgame perfect Nash equilibrium with two products
QUESTION:
Assume there are two types of products, labelled $l$ and $n$. Firms compete in the market by choosing which product to sell and then choosing the quantities. Let $Q_n$ and $Q_l$ denote the …
- 349
13
votes
1
answer
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Nash equilibrium - mistake in proof of paper?
I have a question regarding the proof of Proposition 1 in Besley and Ghatak (2007) in Appendix A of their paper. It is a quite highly cited paper but I believe there is a mistake in the proof of their …
- 349