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According to the theory of multidimensional game, the paper studies the two-dimensional game of Cournot-Bertrand model with incomplete information and its equilibrium, when the two companies have some of the old and the new alternative products. It shows that for the new and old products have no substitute, the one-dimensional static game of Cournot and Bertrand model is a special case of the two-dimensional static game model. Also, it comes to the conclusion that the equilibrium of two-dimensional static game is better than that of one-dimensional static game of Cournot and Bertrand model. © 2011 Published by Elsevier Ltd.
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Source :
Procedia Engineering
ISSN: 1877-7058
Year: 2012
Volume: 29
Page: 895-902
Language: English
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