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A Simple Extension of the Dasgupta–Maskin Theorem, with an Application[Note 1. The author would like to thank R. Gatti, F. ...]
Author(s) -
Gilli Mario
Publication year - 1997
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/1467-8586.00041
Subject(s) - precommitment , duopoly , simple (philosophy) , extension (predicate logic) , mathematical economics , economics , bertrand competition , competition (biology) , mathematics , microeconomics , cournot competition , computer science , oligopoly , ecology , philosophy , epistemology , programming language , biology
This paper generalizes the classical existence results for games with discontinuous payoffs, developed by Dasgupta and Maskin in 1986. This new existence result is then applied to a simple duopoly model with quantity precommitment and Bertrand competition.