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2006-05-08
英文文献:A Dynamic Analysis Of Price Determination Under Joint Profit Maximization In Bilateral Monopoly
英文文献作者:Devadoss, Stephen
英文文献摘要:
This study provides a dynamic mathematical treatment of price determination under bilateral monopoly. The results are: a) a quantitiative solution for the equilibrium price; b) equality of profits of the buyer and seller; c) dynamically stable equilibrium price; and d) the bargaining process achieves the equilibrium price at a faster pace for larger value of the quantity.
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