Entry, Exit, and Technological Progress in Markov-Perfect Duopoly

This paper establishes the existence and uniqueness of an intuitively-refined Markov-Perfect Equilibrium in a richly-specified dynamic duopoly model of entry and exit. We develop an algorithm that computes it very quickly, which makes the model useful for experiments that use many parameter configurations. Researchers can parametrize the sunk costs, technological development process, demand process, and product market competition to suit a particular policy analysis

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Year of publication:	2015
Authors:	Abbring, Jaap H.
Other Persons:	Campbell, Jeffrey R. (contributor) ; Yang, Nan (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Duopol \| Duopoly \| Technischer Fortschritt \| Technological change \| Markteintritt \| Market entry \| Marktaustritt \| Market exit

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Extent:	1 Online-Ressource (36 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 1, 2015 erstellt
Other identifiers:	10.2139/ssrn.2631549 [DOI]
Classification:	L13 - Oligopoly and Other Imperfect Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013019279