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Endogenous Timing in a Mixed Duopoly with Endogenous Vertical Differentiation

We consider a game of endogenous timing with observable delay in a mixed duopoly with endogenous vertical differentiation in the context of sequential quality and price choice. We find that a simultaneous play in the first opportunity at each stage turns out to be the unique subgame perfect Nash equilibrium, which contrasts with the endogenous timing in a purely private duopoly.
Year of publication:
2011-06
Authors: Liu, Lin ; Lu, Yuanzhu
Institutions: China Economics and Management Academy, Central University of Finance and Economics (CUFE)
Subject: Endogenous timing | public firm | private firm | vertical differentiation
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
Number 452 15 pages
Classification: L13 - Oligopoly and Other Imperfect Markets ; D43 - Oligopoly and Other Forms of Market Imperfection ; H42 - Publicly Provided Private Goods
Source:
Persistent link: https://www.econbiz.de/10009205014
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