Chen, Kaifan; Kuroda, Tatsuaki - 2015 - Preliminary version
consider two cases in the sequential game: (1) the case in which the tourism industry is the leader and (2) the case in which … Nash equilibrium of this sequential game (2). Finally, assuming some specific values for the parameters, we compare the … tourism industries may be strategic substitutes under certain condition of parameters, in Nash equilibrium of this sequential …