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...

Research and development (R&D) competition among firms has recently been extended to R&D competition involving research joint ventures. It was previously shown that in an industry conducting cost-reducing R&D followed by competition in the product market, if all firms both fully share R&D...

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...