Chattopadhyay, Srobonti; Chatterjee, Rittwik - Volkswirtschaftliche Fakultät, … - 2013
This paper considers a two-stage game, where in the first stage, two firms bid non-cooperatively for a production technique that leads to a reduction in cost. Following the auction in the second stage of the game these firms compete against each other in a duopolistic industry. The amount of...