Duopoly Model of a Congested Market

  • 오형식 (서울대학교 산업공학과)
  • Published : 1994.03.31

Abstract

A duopoly model is developed in order to examine the effect of imperfect competition on the price-setting behavior of competing providers in a congested market. Multiple Nash price equilibria are found and the implications of such multiple price equilibria are discussed.

Keywords