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This paper considers price competition in a duopoly with quality uncertainty. The established firm (the `incumbent …
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outcome. -- Quality uncertainty ; Signalling ; Oligopoly …
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differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply …
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The interaction of debt and product market is ignored in traditional model of Bertrand. This paper, based on price competition model, analyzes the strategic effect of debt on the condition of uncertainty and provides a modified framework of Showatler (1995) model. In contrast to the existing...
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