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Authors
Advisor(s)
Abstract(s)
This paper adds to the growing literature on endogenous timing of de- cisions in duopolies. We show for a price-setting duopoly game with sufficiently asymmetric and strictly convex cost functions that the less efficient firm moves first while the more efficient moves second with a higher price than the less efficient firm.
Description
Keywords
Price-setting games Price leadership Dominant firm
Pedagogical Context
Citation
Tasnádi, Attila (2003). "Endogenous timing of moves in an asymmetric price-setting duopoly". Portuguese Economic Journal, 2(1):23-35
Publisher
Springer Verlag