Price Setting and Competition in a Simple Duopoly Model
研究一个包含两个卖家和一位买家的市场，卖家不确定买家是否同时收到双方报价，模型在特定参数下产生竞争或垄断结果，且买家越耐心价格越接近竞争水平。
The paper studies a market in which there are two sellers and one buyer. Each agent wants to trade at most one unit of an indivisible commodity. The sellers are uncertain whether the buyer is receiving offers from one or both of them at any given time. This model induces competitive and monopolistic outcomes for particular parameter values. But, other things being equal, as the buyer becomes very patient, the equilibrium price converges to the competitive one.