Subgame perfect Nash equilibrium for dynamic pricing competition with finite planning horizon

• Published in: IDEAS Working Paper Series from RePEc
• Main Author: Fadavi, Niloofar
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 01.01.2022
• Subjects: Competition; Duopoly; Equilibrium; Game theory

Having fixed capacities, homogeneous products and price sensitive customer purchase decision are primary distinguishing characteristics of numerous revenue management systems. Even with two or three rivals, competition is still highly fierce. This paper studies sub-game perfect Nash equilibrium of a...