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Zhiyong Huang
''The mixed strategy equilibrium of the three-firm location game with discrete location choices''
( 2011, Vol. 31 No.3 )
In the paper, we derive a symmetric MSE for the three-firm location game on the discrete strategy space. Rather than being uniformly distributed, the MSE for the game has a multimodal distribution. Our theory is more convincing to predict equilibria of three-firm location games in the real world or controlled experiments, where players face finitely many choices.
Keywords: mixed strategy equilibrium, multimodal distribution, discrete strategy space
D7 - Analysis of Collective Decision-Making: General
Manuscript Received : Feb 09 2011 Manuscript Accepted : Jul 18 2011

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