Arbeitspapier
Endogenous Timing in Quality Investments and Price Competition
We modify the price-setting version of the vertically differentiated duopoly model by Aoki (2003) by introducing an extended game in which firms noncooperatively choose the timing of moves at the quality stage. Our results show that there are multiple equilibria in pure strategies, in which firms always select sequential play at the quality stage. We also investigate the mixed-strategy equilibrium, revealing that the probability of generating outcomes out of equilibrium is higher than its complement to one. In the alternative of full market coverage, we show that the quality stage is solved in dominant strategies and therefore the choice of roles becomes irrelevant as the Nash and Stackelberg solutions coincide.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 815
Klassifikation
Wirtschaft
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Oligopoly and Other Imperfect Markets
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Oligopoly and Other Imperfect Markets
Ereignis
Geistige Schöpfung
(wer)
Lambertini, Luca
Tampieri, Alessandro
Tampieri, Alessandro
Ereignis
Veröffentlichung
(wer)
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
(wo)
Bologna
(wann)
2012
- DOI
-
doi:10.6092/unibo/amsacta/4201
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lambertini, Luca
- Tampieri, Alessandro
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 2012
Ähnliche Objekte (12)
Endogenous timing and the choice of quality in a vertically differentiated duopoly
Time Consistency in Games of Timing
Trade Liberalization May Be Harmful under Endogenous Differentiation
Endogenous Choice Between Horizontal and Vertical Product Differentiation
International Trade and Spatial Competition
Does Monopoly Undersupply Product Quality?
Market integration, the Specialization of Production and Labour Mobility Under Endogenous Differentiation
Strategic Delegation and the Shape of Market Competition
Coordinating R&D efforts for quality improvement along a supply chain
The Contestability Paradigm in the Presence of Vertical Differentiation: Entering the Incumbent's Quality Niche
Endogenous timing in quality choices and price competition
Cournot Vs Stackelberg Equilibria With Entrepreneurial and Labour Managed Firms
Endogenous timing and the choice of quality in a vertically differentiated duopoly
Time Consistency in Games of Timing
Trade Liberalization May Be Harmful under Endogenous Differentiation
Endogenous Choice Between Horizontal and Vertical Product Differentiation
International Trade and Spatial Competition
Does Monopoly Undersupply Product Quality?
Market integration, the Specialization of Production and Labour Mobility Under Endogenous Differentiation
Strategic Delegation and the Shape of Market Competition
Coordinating R&D efforts for quality improvement along a supply chain
The Contestability Paradigm in the Presence of Vertical Differentiation: Entering the Incumbent's Quality Niche
Endogenous timing in quality choices and price competition
Cournot Vs Stackelberg Equilibria With Entrepreneurial and Labour Managed Firms
Endogenous timing and the choice of quality in a vertically differentiated duopoly
Time Consistency in Games of Timing
Trade Liberalization May Be Harmful under Endogenous Differentiation
Endogenous Choice Between Horizontal and Vertical Product Differentiation
International Trade and Spatial Competition
Does Monopoly Undersupply Product Quality?
Market integration, the Specialization of Production and Labour Mobility Under Endogenous Differentiation
Strategic Delegation and the Shape of Market Competition
Coordinating R&D efforts for quality improvement along a supply chain
The Contestability Paradigm in the Presence of Vertical Differentiation: Entering the Incumbent's Quality Niche
Endogenous timing in quality choices and price competition