Corvinus
Corvinus

Endogenous timing of moves in an asymmetric price-setting duopoly

Tasnádi, Attila (2003) Endogenous timing of moves in an asymmetric price-setting duopoly. Portuguese Economic Journal, 2 (1). pp. 23-35. DOI 10.1007/s10258-002-0018-3

[img]
Preview
PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
165kB

Official URL: http://www.springerlink.com/content/p1npehvwrxmdv284/


Abstract

This paper adds to the growing literature on endogenous timing of decisions in duopolies. We show for a price-setting duopoly game with sufficiently asymmetric and strictly convex cost functions that the less efficient firm moves first while the more efficient moves second with a higher price than the less efficient firm.

Item Type:Article
Uncontrolled Keywords:price-setting games, price leadership, dominant firm, JEL codes: D43, L13
Subjects:Mathematics, Econometrics
DOI:10.1007/s10258-002-0018-3
ID Code:899
Deposited By: Ádám Hoffmann
Deposited On:20 Sep 2012 13:33
Last Modified:20 Sep 2012 13:33

Repository Staff Only: item control page