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Desirable role in a price-setting international mixed duopoly
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Orientador(es)
Resumo(s)
In this paper, we study the order of moves in a mixed international duopoly for differentiated goods, where firms choose whether to set prices sequentially or simultaneously. We discuss the desirable role of the public firm by comparing welfare among three games. We find that, in the three possible roles, the domestic public firm put a lower price, and then produces more than the
foreign private firm.
Descrição
Palavras-chave
Industrial organization Game theory Cournot model Leadership
Contexto Educativo
Citação
Editora
AIP Publishing