search query: @author Harris, C. / total: 16
reference: 9 / 16
| Author: | Budd, C. Harris, C. Vickers, J. |
| Title: | A model of the evolution of duopoly: does the asymmetry between firms tend to increase or decrease? |
| Journal: | Review of Economic Studies
1993 : JUL, VOL. 60(3):204, p. 543-573 |
| Index terms: | DUOPOLY COMPANIES MARKET STRUCTURE |
| Language: | eng |
| Abstract: | This paper is an attempt to identify some of the factors that affect the evolution of market structure in a model of dynamic competition between two firms. The stochastic evolution of the state of competition depends on the respective effort rates of the firms. The question is wether the current leader works harder than the laggard - does the "gap" between firms tend to increase or decrease? The authors show that several effects are at work. The state tends to evolve in the direction where joint payoffs are greater. |
SCIMA