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An Extended Duopoly Game

John C. Eckalbar
Organization: California State University, Chico, California
Journal / Anthology

Journal of Economic Education
Year: 2002
Volume: 33
Issue: 1
Page range: 41-52

The author shows how principles and intermediate economic students can gain a feel for strategic price setting by playing a relatively large oligopoly game. The author constructs a playoff matrix and discusses various strategies and outcomes. The game extends to a continuous price space and outlines various applications appropriate for intermediate micro students. Finally, to make it easier for others to tinker with the assumptions of the game, the author can provide the Mathematica code used to generate the table and figures.

*Business and Economics

duopoly, game theory, oligopoly, strategic behavior