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This paper studies dynamic price competition over two periods between two firms selling differentiated durable goods to two buyers who are privately informed about their types, but have valuations of the two goods dependent on the other buyer's type. The firms' pricing strategy in period 1 must...
Persistent link: https://www.econbiz.de/10010381472
to a new class of timing games where first-mover advantage first emerges as in preemption games but second …
Persistent link: https://www.econbiz.de/10012503468