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ENDOGENOUS TIMING IN A MIXED DUOPOLY WITH ENDOGENOUS VERTICAL DIFFERENTIATION

type="main"> <title type="main">ABSTRACT</title> <p>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:
2014
Authors: Liu, Lin ; Lu, Yuanzhu
Published in:
Bulletin of Economic Research. - Wiley Blackwell. - Vol. 66.2014, 3, p. 305-312
Publisher: Wiley Blackwell
Extent:
text/html
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10011036278
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