Denis Kuzyutin, Elina Zhukova, Maria Borovtsova, “Subgame Perfect Nash Equilibrium in a Quality-Price Competition Model with Vertical and Horizontal Differentiation”, Contributions to Game Theory and Management, 2007, Volume 1,Pages <nobr>270

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Subgame Perfect Nash Equilibrium in a Quality-Price Competition Model with Vertical and Horizontal Differentiation

Denis Kuzyutin^a, Elina Zhukova^b, Maria Borovtsova^b

^a International Banking Institute, 60 Nevsky prospect, St. Petersburg, 191023, Russia
^b St. Petersburg State University, Faculty of Applied Mathematics and Control Processes, 35, Universitetskii prospekt, St. Petersburg, 198504, Russia

Abstract: The paper describes how to construct the subgame perfect equilibrium by using a backwards induction procedure in a model of product differentiation that takes into account both vertical and horizontal differentiation features.

Keywords: Industrial organization, product differentiation, subgame perfect Nash equilibrium.

Language: English