Econometrica: Nov 1971, Volume 39, Issue 6
A Differential Game Model of Duopoly
G. Leitmann, H. Y. Wan, Jr., S. ClemhoutThe present study considers two duopolists each trying to outsell the other, under a non-negative profit constraint. Both advertisement and the customer-held stocks are brought into play. The optimal behavior for the duopolists is deduced from a mathematical model of differential games.
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