منابع مشابه
Exit in duopoly under uncertainty
This paper examines a declining duopoly, where the firms must choose when to exit from the market. The uncertainty is modeled by letting the revenue stream follow a geometric Brownian motion. We consider the Markovperfect equilibrium in firms’ exit strategies. With a low degree of uncertainty there is a unique equilibrium, where one of the firms always exits before the other. However, when unce...
متن کاملMixed Duopoly Under Vertical Differentiation
– In this paper we study a vertically differentiated duopoly market with a profit maximizing firm (private firm) and a total surplus maximizing firm (public firm). The technological conditions are assumed identical for both firms and are described by unit costs which are constant with respect to quantity, though increasing in quality. No specific form is given to the relation between unit costs...
متن کاملA Dynamic Pricing Model under Duopoly Competition
We introduce and analyze a multi-period, finite horizon, no-replenishment, dynamic pricing model under duopoly competition between two retailers who sell an identical good. According to our duopoly competition model, a single consumer, whose valuation is uniformly distributed on [0,1], visits only one of the two retailers in each period. If the price posted by the retailer visited by the consum...
متن کاملFactor Prices under MonoPoly
This paper explains how grants of monopolistic privileges to capitalists can lower labor and land factors’ prices compared to what would prevail in a free market environment. Monopoly gains of privileged business owners are not only “extracted” from their clients but also from factor owners. We revisit Rothbardian monopoly price theory and extend it to the realm of factor pricing. Monopolistic ...
متن کاملEntry and Exit Decisions under Uncertainty in a Symmetric Duopoly
In this paper, we analyze entry and exit decisions in a symmetric duopoly setting. The model is based on Dixit (1989), which is a standard model in this area. To incorporate competitive nature into the output price, we use an inverse demand function. We aim to present an equilibrium strategy of entry and exit decisions in a symmetric duopoly. To do so, we consider four states of two firms and p...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Regional Science
سال: 2005
ISSN: 0022-4146,1467-9787
DOI: 10.1111/j.0022-4146.2005.00374.x