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| Author: | Kubler, D. Muller, W. |
| Title: | Simultaneous and sequential price competition in heterogeneous duopoly markets: experimental evidence |
| Journal: | International Journal of Industrial Organization
2002 : DEC, VOL. 20:10, p. 1437-1460 |
| Index terms: | DUOPOLY PRICES STRATEGY GAMES ECONOMICS |
| Language: | eng |
| Abstract: | The authors investigate simultaneous and sequential price competition in duopoly markets with differentiated products and random matching of symmetric firms. The authors find that second movers gain from the sequential structure in comparison to simultaneous move markets whereas first movers do not. As predicted by the theory, there is a significant first mover disadvantage in the sequential game. Finally the authors report the results of control treatments varying the matching scheme and the mode of eliciting choices (strategy method vs standard sequential play). The paper provides a substantial list of references on this subject. |
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