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Quantity-setting competition with differentiated goods under uncertain demand
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Orientador(es)
Resumo(s)
We consider a quantity-setting duopoly model, and we study the decision to move first or second, by assuming
that the firms produce differentiated goods and that there is some demand uncertainty. The competitive phase consists of two
periods, and in either period, the firms can make a production decision that is irreversible. As far as the firms are allowed to
choose (non-cooperatively) the period they make the decision, we study the circumstances that favour sequential rather than
simultaneous decisions.
Descrição
Palavras-chave
Industrial Organization Duopoly models Differentiation Uncertainty
Contexto Educativo
Citação
Editora
AIP Publishing