This study aims to examine the associations between strategic variables and use the payback period (PBP) in evaluating …

We study implications of the choice of strategic variables, price or quantity, by firms in a duopoly with … the choice of strategic variables is irrelevant in the sense that the conditions of relative profit maximization for the … equilibrium in a two stage game such that in the first stage the firms choose their strategic variables and in the second stage …

We study the choice of strategic variables by firms in a duopoly in which two firms produce differentiated … rival firm. We consider a two stage game such that in the first stage the firms choose their strategic variables and in the … second stage they determine the values of their strategic variables. We show that when the firms maximize their relative …

We consider a simple model of the choice of strategic variables under relative profit maximization by firms in an … equilibria. One is such that all firms choose the outputs as their strategic variables, and the other is such that Firm 2 and 3 … choose the outputs as their strategic variables, and Firm 1 chooses the price as its strategic variable. …