TITLE:
Static Aspect of Heterogeneous Competition in Duopoly
AUTHORS:
Bharti Kapoor
KEYWORDS:
Oligopoly, Duopoly, Iso-Elastic Demand, Linear Model, Non-Linear Model, Static Model
JOURNAL NAME:
Open Journal of Applied Sciences,
Vol.12 No.4,
April
12,
2022
ABSTRACT: The study gives a comparison between price policy and quantity policy
in duopoly producing differentiated goods with different production costs and indicates which is more beneficial. Further, it is investigated that in a non-linear duopoly with differentiated goods and two different policies,
firms may earn more profit if they choose a quantity
policy in a stable economy when the marginal production cost of both the firms is the same. If the production cost of both firms is different, then the price policy is better only when the firm is efficient.