Asymmetric Information on Price Can Affect Bertrand Duopoly Players with the Gradient-Based Mechanism
We study a Bertrand duopoly game in which firms adopt a gradient-based mechanism to update their prices. In this competition, one of the firms knows somehow the price adopted by the other firm next time step. Such asymmetric information of the market price possessed by one firm gives interesting res...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2020-01-01
|
| Series: | Mathematical Problems in Engineering |
| Online Access: | http://dx.doi.org/10.1155/2020/6620570 |