Optimal Pricing Strategies for New Products in Dynamic Oligopolies

Article OPEN
Engelbert Dockner; Steffen Jørgensen;
  • Journal: Marketing Science,volume 7,issue 4,pages315-334
  • Related identifiers: doi: 10.1287/mksc.7.4.315
  • Subject: dynamic pricing, oligopoly, learning curve, differential games, open-loop Nash equilibria
    acm: TheoryofComputation_MISCELLANEOUS

This paper deals with the determination of optimal pricing policies for firms in oligopolistic markets. The problem is studied as a differential game and optimal pricing policies are established as Nash open-loop controls. Cost learning effects are assumed such that uni... View more
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