profitability on the optimal market entry timing and firm values. The duopoly model shows the existence of three types of ….Extending the duopoly model to the oligopoly case the results present that each additional competitor delays the first market …

differentiation the duopoly is subsidized or the government remains inactive. In contrast, the monopoly is always subsidized. The … government with a duopoly may be active or inactive depending on the degree of product differentiation. Thus, we may observe a …