Multiperiod Decision Models with Alternating Choice as a Solution to the Duopoly Problem

1 August 1970

journal article
Published by Oxford University Press (OUP) in The Quarterly Journal of Economics

Vol. 84 (3) , 410-429
https://doi.org/10.2307/1879427

Abstract

Introduction, 410. — Single-period versus multiperiod decision making, 411. — Simultaneous choice in a multiperiod process, 413. — Alternating choice in a multiperiod process, 416. — The method of backward induction, 417.— General quadratic profit functions, 420. — Reduced quadratic profit functions, 422. — Asymptotic results, 425. — The cost of competition and the benefits of trust, 427. — Conclusion, 428.

Keywords

MULTIPERIOD DECISION
TRUST
ALTERNATING CHOICE
DECISION MAKING
QUADRATIC PROFIT FUNCTIONS
DUOPOLY
COMPETITION
MULTIPERIOD PROCESS

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