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Kreps&Scheinkman with Product Differentiation
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作者 stephen martin 《Frontiers of Economics in China-Selected Publications from Chinese Universities》 2019年第2期203-219,共17页
Kreps and Scheinkman (1983)'s celebrated result is that in a two-stage model of a market with homogeneous products in which firms noncooperatively pick capacities in the first stage and set prices in the second st... Kreps and Scheinkman (1983)'s celebrated result is that in a two-stage model of a market with homogeneous products in which firms noncooperatively pick capacities in the first stage and set prices in the second stage, the equilibrium outcome is that of a one-shot Cournot game. This note derives capacity best response functions for the first stage and extends the Kreps and Scheinkman result to the case of differentiated products. 展开更多
关键词 Kreps and Scheinkman capacity CHOICE COURNOT OLIGOPOLY PRODUCT DIFFERENTIATION
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