A DYNAMIC ANALYSIS OF PRICE DETERMINATION UNDER JOINT PROFIT MAXIMIZATION IN BILATERAL MONOPOLY

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.


Issue Date:
1998
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20809
Total Pages:
12
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-04-26

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)