Theoretical Economics Letters

Volume 3, Issue 5 (September 2013)

ISSN Print: 2162-2078   ISSN Online: 2162-2086

Google-based Impact Factor: 1.19  Citations  h5-index & Ranking

Irrelevance of Conjectural Variation in a Mixed Duopoly: The Case of Relative Performance and Consistent Conjectures

HTML  Download Download as PDF (Size: 181KB)  PP. 5-11  
DOI: 10.4236/tel.2013.35A2002    4,906 Downloads   7,236 Views  Citations
Author(s)

ABSTRACT

This study explores the equilibrium outcomes in the contexts of quantity-setting and price-setting mixed duopolies with consistent conjectures of both the social welfare maximizing public firm and the relative profit maximizing private firm. Similar to the private duopoly composed of only relative profit maximizing firms, we show that in the mixed duopoly, the equilibrium outcomes in the quantity-setting competition with the consistent conjectures of both firms are equivalent to those in the price-setting competition with the consistent conjectures of both firms.

Share and Cite:

Y. Nakamura, "Irrelevance of Conjectural Variation in a Mixed Duopoly: The Case of Relative Performance and Consistent Conjectures," Theoretical Economics Letters, Vol. 3 No. 5B, 2013, pp. 5-11. doi: 10.4236/tel.2013.35A2002.

Copyright © 2024 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.