We study the Stackelberg equilibrium in a symmetric duopoly with differentiated goods in which each firm maximizes its relative profit that is the difference between its profit and the profit of the rival firm. We show that the equilibrium output and price of the good of the leader and those of the follower are equal, that is, the role of leader or follower is irrelevant to the equilibrium, and the equilibrium outputs and prices do not change between the case where the firms are quantity setting firms and the case where the firms are price setting firms. We assume that demand functions are linear and symmetric, the marginal costs of the firms are common and constant, and the fixed costs are zero
In the present paper we study endogenous price leadership in the context of a homogeneous product Be...
The paper analyzes a Cournot model with two types of firms: Maximizers of profits and maximizers of ...
This paper analyzes a differentiated duopoly model with cost uncertainty in an environment where inf...
We study implications of the choice of strategic variables, price or quantity, by firms in a duopoly...
We study the choice of strategic variables by firms in a duopoly in which two firms produce differen...
Abstract. We study the relationship between Cournot equilibrium and Bertrand equilibrium in duopoly ...
We study a symmetric free entry oligopoly in which firms produce differentiated goods so as to maxim...
We compare formulations of relative profit maximization in duopoly with differentiated goods, 1) (Di...
This paper demonstrates that in a duopoly model with firms being concerned about profit as well as c...
We compare welfare and profits under price and quantity competition in mixed duopolies, wherein a st...
This note investigates a Stackelberg-Nash competition model. We determine the conditions under which...
On a symmetric differentiated Stackelberg duopoly model in which there is asymmetric demand informat...
The issue of equilibrium selection in a duopoly game between a profit maximizing and a labour manage...
This paper examines price-setting duopoly games with production subsidies and shows that the optimal...
The issue of equilibrium selection in a duopoly game between a profit maximizing and a labour manage...
In the present paper we study endogenous price leadership in the context of a homogeneous product Be...
The paper analyzes a Cournot model with two types of firms: Maximizers of profits and maximizers of ...
This paper analyzes a differentiated duopoly model with cost uncertainty in an environment where inf...
We study implications of the choice of strategic variables, price or quantity, by firms in a duopoly...
We study the choice of strategic variables by firms in a duopoly in which two firms produce differen...
Abstract. We study the relationship between Cournot equilibrium and Bertrand equilibrium in duopoly ...
We study a symmetric free entry oligopoly in which firms produce differentiated goods so as to maxim...
We compare formulations of relative profit maximization in duopoly with differentiated goods, 1) (Di...
This paper demonstrates that in a duopoly model with firms being concerned about profit as well as c...
We compare welfare and profits under price and quantity competition in mixed duopolies, wherein a st...
This note investigates a Stackelberg-Nash competition model. We determine the conditions under which...
On a symmetric differentiated Stackelberg duopoly model in which there is asymmetric demand informat...
The issue of equilibrium selection in a duopoly game between a profit maximizing and a labour manage...
This paper examines price-setting duopoly games with production subsidies and shows that the optimal...
The issue of equilibrium selection in a duopoly game between a profit maximizing and a labour manage...
In the present paper we study endogenous price leadership in the context of a homogeneous product Be...
The paper analyzes a Cournot model with two types of firms: Maximizers of profits and maximizers of ...
This paper analyzes a differentiated duopoly model with cost uncertainty in an environment where inf...