haku: @author Moreaux, M. / yhteensä: 9
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| Tekijä: | Boyer, M. Moreaux, M. |
| Otsikko: | Being a leader or a follower : reflections on the distributions of roles in duopoly. |
| Lehti: | International Journal of Industrial Organization
1987 : JUN, VOL. 5:2, p. 175-192 |
| Asiasana: | OLIGOPOLY |
| Kieli: | eng |
| Tiivistelmä: | An analysis of conflicts in duopoly situations. The distribution or roles in the von Stackelberg framework, and which firm will be the leader or follower. It is shown that if costs are identical or similar, both firms prefer the role of follower, but if there is a cost differential between them, then the non-cooperative equilibrium can be of two types. The less efficient firm will act as the leader selling a limited quantity at a low price or the more efficient one acting as the leader to drive the less efficient firm out of the market, by adopting a limit price strategy, but makes less profit than if it acts as follower. |
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