haku: @indexterm Equilibrium analysis / yhteensä: 508
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| Tekijä: | Hirokawa, M. Sasaki, D. |
| Otsikko: | Endogenously asynchronous entries into an uncertain industry |
| Lehti: | Journal of Economics and Management Strategy
2001 : FALL, VOL. 10:3, p. 435-461 |
| Asiasana: | ENTRY CONDITIONS EQUILIBRIUM ANALYSIS UNCERTAINTY |
| Kieli: | eng |
| Tiivistelmä: | The authors model and analyze a priori symmetric duopoly where supply quantity adjustment is slow and time-consuming. The state of demand is ex ante uncertain, and becomes observablea certain time period after at least one firm's entry. The authors characterize those conditions under which sequential entries can be endogenously chosen either as an asymmetric pure-strategy equilibrium or as a consequence of a symmetric mixed-strategy equilibrium. |
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