Gudino, Gustavo - In: Games 12 (2021) 3, pp. 1-18
A dynamic Bertrand-duopoly model where price leadership emerges in equilibrium is developed. In the price leadership … current and therefore future market conditions. In the proposed price leadership equilibrium, the informed firm could cut … process. Market size realizations are observed by one of the firms but not the other. Without explicit communication, price …