when the equilibrium price plays hard to get
Today, I had the opportunity to meet with the professor guiding my research in economics. Our work integrates the interdisciplinary fields of game theory and elements of computer science. The current research problem that we’re focusing on, is outlined as follows: Consider a market with two firms (denoted as $i = 1, 2$), each selling an identical product to unit-demand consumer. These firms set their respective prices, $p_1$ and $p_2$, which are transparent to the consumers....
