A duopoly model of pricing for inventory liquidation

A duopoly model of pricing for inventory liquidation

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Article ID: iaor1997143
Country: Netherlands
Volume: 69
Issue: 2
Start Page Number: 177
End Page Number: 186
Publication Date: Sep 1993
Journal: European Journal of Operational Research
Authors: ,
Keywords: game theory, inventory
Abstract:

The authors consider the problem of pricing to liquidate inventory in a duopoly. The problem is modelled as a game with complete information. The unique Nash equilibrium for the game, which is also sequential involves mixed strategies for the sellers. The equilibrium extends in a limited fashion to multi-period and many-seller situations.

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