Table 10 Gabszewicz and Wauthy’s equilibria
Equilibria | Prices | Demands | Profits |
|---|---|---|---|
Duopolistic equilibrium | \(p_{1}=\pi _{1}=2/49\) \(p_{2}=\pi _{2}=8/49\) | \(x_{1}=v_{1}=2/7\) \(x_{2}=v_{2}=4/7\) | \(\Pi _{1}=0.0233\) \(\Pi _{2}=0.1866\) |
Monopoly corner eq. | \(p_{1}=0, \pi _{1}=1/2\) | \(x_{1}=1,v_{1}=1/2\) | \(\Pi =1/4\) |
Monopoly equilibrium | \(p_{1}=\pi _{1}=1/2\) | \(x_{1}=v_{1}=1/2\) | \(\Pi =1/4\) |