Mukherjee, Arijit; Zhao, Laixun - School of Economics, University of Nottingham
acknowledges financial support from The Leverhulme Trust under
Programme Grant F114/BF.
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1. Introduction
Since the work … as dominant firms and the entrants as Stackelberg followers.
We examine the following game. At stage 1, the nm … + incumbent firms choose their
outputs simultaneously. At stage 2, k entrants determine their outputs simultaneously.
Then the …