%0 Journal Article
%T A game theory approach to the sawnwood and pulpwood markets in the north of Iran
%J Caspian Journal of Environmental Sciences
%I University of Guilan
%Z 1735-3033
%A Mohammadi Limaei, S.
%D 2007
%\ 01/01/2007
%V 5
%N 1
%P 1-10
%! A game theory approach to the sawnwood and pulpwood markets in the north of Iran
%K Sawnwood and pulpwood prices
%K dynamic duopoly game
%K Nash equilibrium
%K mixed strategy
%R
%X Duopoly game theory is applied to the wood industrial markets (sawnwood and pulpwood markets) in the North of Iran. The Nash equilibrium and the dynamic properties of the system based on marginal adjustments are determined. The probability that the Nash equilibrium will be reached is almost zero. The dynamical properties of sawnwood and pulpwood prices derived via the duopoly game model are found also in the real empirical price series.
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%U https://cjes.guilan.ac.ir/article_977_03651608359e7ef973c53fbcfa2b09c9.pdf