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| Tekijä: | Piga, C.A.G. |
| Otsikko: | Competition in a duopoly with sticky price and advertising |
| Lehti: | International Journal of Industrial Organization
2000 : MAY, VOL. 18:4, p. 595-614 |
| Asiasana: | Games Advertising Prices Models |
| Vapaa asiasana: | Markov strategy |
| Kieli: | eng |
| Tiivistelmä: | This paper develops a differential duopolistic game where price is sticky and firms can invest in market-enlarging promotional activities which have a public good nature. One finding indicates that advertising, and not output as in Fershtman and Kamien (1987) is responsible for the higher stationary price found in the open loop equilibrium relative to the linear feedback one. There are more results reported. |
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