The authors study the equilibrium price paths of a finite-horizon dynamic duopoly model in which the market price does not have to adjust instantaneously in response to changes in the quantity supplied. A complete analysis of the feedback Nash equilibrium of a finite-horizon linear quadratic...

The authors address the question of whether competitive acquisition of firms by their rivals can result in complete or partial monopolization of a homogeneous product industry. This question is modeled in terms of two distinct three-stage noncooperative games. Analysis of subgame perfect pure...

The authors study duopolistic competition in a homogeneous good through time under the assumption that its current desirability is an exponentially-weighted function of accumulated past consumption. This implies that the current price of the good does not decline by as much to accommodate any...