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Keywords: Nash equilibrium
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Journal Articles
International Journal of Productivity and Performance Management (2014) 63 (7): 863–878.
Published: 02 September 2014
... manufacturers act as Stackelberg leaders and declare their wholesale price, affecting retailers’ purchase quantities of a specific product. In this study, we employ a Nash equilibrium (i.e. a form of Cournot model) (Arya et al., 2007) to explore the performance of an arbitrary number of independent...
