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| Tekijä: | Debashis, P. |
| Otsikko: | Endogenous Stackelberg equilibria with identical firms |
| Lehti: | Games and Economic Behavior
1996 : JAN, VOL. 12:1, p. 81-94 |
| Asiasana: | COMPANIES GAMES ECONOMIC BEHAVIOUR |
| Kieli: | eng |
| Tiivistelmä: | A symmetric duopoly with two production periods is considered. In the first period firms simultaneously choose initial production levels. These outputs become common knowledge and then additional second period outputs are chosen simultaneously. The market clears after the second period. If production costs fall slightly over time, a symmetric equilibrium in pure strategies does not exist. There are two Stackelberg leader-follower outcomes; in each outcome one firm produces only in the first period and the other produces its best response in the second period. |
SCIMA