## 12. Operations research in sellers' competition |

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### Contents

PART | 1 |

THE CLASSICAL ORIENTATION | 8 |

THE PROBLEM OF FEWNESS REEXAMINED | 17 |

Copyright | |

20 other sections not shown

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### Common terms and phrases

aggregate aggregate demand analysis anticipations assumed assumption behavior binomial distribution buyers and sellers capacity competitors computed conditional distribution conditional expectation conditional probabilities conjectural variations consider correlation customers decision problem decision rule decision variables defined demand function denote density dependence derived determined differentiated oligopoly distribution of sales econometry empirical equation equilibrium expected net profits Gaussian given hence hypothesis implies individual firm individual seller interval inventory Machlup 40 market price market share Markov mathematical expectation maximization maximum mean value monopolistic competition multinomial distribution nf(p observed oligopolistic Operations Research optimal outcome output parameters price and selling price offered price quotations probability distribution problem product differentiation profit maximization purchase pure competition quantity random variable reaction function Section seen selling costs selling efforts selling expenses situation specifications statistically independent stochastic process strategy supply function Suppose theory tion transition probabilities variance viewpoint wholesaler