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Two-node market under imperfect competition

  • Mathematical Game Theory and Applications
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Abstract

In this paper, we consider a Cournot auction with uniform nodal prices for a two-node market. The structure of each local market is an oligopoly. We demonstrate how the type of Nash equilibrium depends on the throughput. Finally, we investigate the optimum throughput problem under an imperfect competition in the market.

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Authors and Affiliations

  1. Moscow State University, Moscow, Russia

    A. A. Vasin & E. A. Daylova

Authors
  1. A. A. Vasin
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  2. E. A. Daylova
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Corresponding author

Correspondence to A. A. Vasin.

Additional information

Original Russian Text © A.A. Vasin, E.A. Daylova, 2014, published in Matematicheskaya Teoriya Igr i Ee Prilozheniya, 2014, No. 3, pp. 3–31.

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Vasin, A.A., Daylova, E.A. Two-node market under imperfect competition. Autom Remote Control 78, 1709–1729 (2017). https://doi.org/10.1134/S0005117917090144

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  • DOI: https://doi.org/10.1134/S0005117917090144

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