We model a vertically differentiated duopoly with quantity-setting firms as an extended game in which firms noncooperatively choose the timing of moves at the quality stage, to show that at the subgame, perfect equilibrium sequential play obtains, with the low-quality firm taking the leader’s role.

L. Lambertini, A. Tampieri (2012). Low-Quality leadership in a vertically differentiated duopoly with Cournot competition. ECONOMICS LETTERS, 115, 396-398 [10.1016/j.econlet.2011.12.096].

Low-Quality leadership in a vertically differentiated duopoly with Cournot competition

LAMBERTINI, LUCA;TAMPIERI, ALESSANDRO
2012

Abstract

We model a vertically differentiated duopoly with quantity-setting firms as an extended game in which firms noncooperatively choose the timing of moves at the quality stage, to show that at the subgame, perfect equilibrium sequential play obtains, with the low-quality firm taking the leader’s role.
2012
L. Lambertini, A. Tampieri (2012). Low-Quality leadership in a vertically differentiated duopoly with Cournot competition. ECONOMICS LETTERS, 115, 396-398 [10.1016/j.econlet.2011.12.096].
L. Lambertini; A. Tampieri
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/111097
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