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| Author: | DeCroix, G. |
| Title: | Optimal warranties, reliabilities and prices for durable goods in an oligopoly |
| Journal: | European Journal of Operational Research
1999 : FEB 1, VOL. 112:3, p. 554-569 |
| Index terms: | OPERATIONAL RESEARCH CONSUMER DURABLES OLIGOPOLY |
| Language: | eng |
| Abstract: | This paper addresses the problem of durable goods manufacturers in an oligopoly seeking optimal values for three decision variables: product warranty, reliability and price. Each firm seeks a warranty-reliability-price combination that maximizes expected profit subject to quite general constraints on the firm's decision variables. Warranty serves as a signal of product reliability, which is not observable by consumers. The author presents a game-theorwtic model of warranty-reliability-price competition in such a market and examine Nash equilibria for this game. |
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