Endogenous Timing in a Mixed Duopoly and Private Duopoly - 'Capacity-then-Quantity' Game
Download or Read eBook Endogenous Timing in a Mixed Duopoly and Private Duopoly - 'Capacity-then-Quantity' Game PDF written by Yuanzhu Lu and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle.
Author | : Yuanzhu Lu |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
ISBN-10 | : OCLC:1376485730 |
ISBN-13 | : |
Rating | : 4/5 (30 Downloads) |
Book Synopsis Endogenous Timing in a Mixed Duopoly and Private Duopoly - 'Capacity-then-Quantity' Game by : Yuanzhu Lu
Book excerpt: We consider a game of endogenous timing of sequential choice of capacity and quantity with observable delay in a mixed duopoly and a private duopoly. In mixed duopoly, we find that a simultaneous play at the capacity stage or at the quantity stage can never be supported as subgame perfect Nash equilibrium (SPNE); whereas a simultaneous play at each stage turns out to be the unique SPNE in a private duopoly. In mixed duopoly there is multiplicity of equilibria and all SPNEs require sequentiality at the capacity as well as quantity stage.