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There is growing evidence that low-quality customer service prevails in the mobile telecommunications industry. In this paper we provide theoretical support to this empirical observation by using simple game theoretical models where inefficient low-quality service levels are part of an...
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Goes back to thinking on the price theory of oligopoly in 1960. In particular, is concerned with Stackelberg …’s oligopoly theory. Presents a careful description of the development of Stackelberg’s analysis. Takes into account his … mathematical appendix. Confronts the theory with game theory and concludes that in a dynamic game a Nash-Cournot equilibrium will …
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