Showing 1 - 4 of 4
preemption pattern, and episodes in which firms invest simultaneously, a tacit collusion pattern. These episodes may alternate … preemption episode: firms invest at different times but have equal value. The first such investment may occur earlier and …
Persistent link: https://www.econbiz.de/10009350695
, les firmes ont un comportement de préemption, si bien que le premier investissement en capacité se produit plus tôt, et …
Persistent link: https://www.econbiz.de/10005100881
We study a simple duopoly model of preemption with multiple investments and instantaneous Bertrand competition in a … instantaneous Bertrand competition. This casts some doubts on the robustness of one-shot models of preemption. Dans cet article …, nous étudions un modèle (duopole) de préemption avec investissements multiples et concurrence instantanée à la Bertrand …
Persistent link: https://www.econbiz.de/10005100883
preemption equilibrium with the first industry investment occurring earlier (hence being riskier) than socially optimal. Once … ce contexte. Initialement, le seul équilibre Markovien parfait (ÉMP) est un équilibre de préemption dans lequel le …
Persistent link: https://www.econbiz.de/10005100992