Can Producers’ Price War End Up in an Optimal Allocation?
The paper presents a theoretical framework for the phenomenon of the price war in the context of general equilibrium, with special attention to the production system. The natural question that arises is whether Nash-optimal production plans being the reactions to the changing prices can finally appr...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-01-01
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| Series: | Mathematics |
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| Online Access: | https://www.mdpi.com/2227-7390/10/2/265 |