منابع مشابه
Exit in duopoly under uncertainty
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We consider a repeated interaction between a manufacturing firm and a subcontractor. The relationship between the two parties is characterized 1) by moral hazard, 2) by the fact that they do not have perfect knowledge about the base cost level of the project which is carried out by a subcontractor (the parties only have identical a priori beliefs). We consider a two-period model where the playe...
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...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1641242