Profit loss in differentiated oligopolies

Amr Farahat; Georgia Perakis

doi:10.1016/j.orl.2008.08.004

Profit loss in differentiated oligopolies

Amr Farahat
, Georgia Perakis

Research output: Contribution to journal › Article › peer-review

22 Scopus citations

Abstract

We provide sharp lower and upper bounds on the ratio of decentralized to centralized profits when multiproduct firms offering differentiated products engage in price competition. The bounds depend on the demand sensitivity matrix but are independent of marginal costs.

Original language	English
Pages (from-to)	43-46
Number of pages	4
Journal	Operations Research Letters
Volume	37
Issue number	1
DOIs	https://doi.org/10.1016/j.orl.2008.08.004
State	Published - Jan 2009

Keywords

Bertrand competition
Price of anarchy

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10.1016/j.orl.2008.08.004

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title = "Profit loss in differentiated oligopolies",

abstract = "We provide sharp lower and upper bounds on the ratio of decentralized to centralized profits when multiproduct firms offering differentiated products engage in price competition. The bounds depend on the demand sensitivity matrix but are independent of marginal costs.",

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KW - Price of anarchy

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Profit loss in differentiated oligopolies

Abstract

Keywords

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