We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest …

-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids … two firms reduces the probability of having a duopoly but increases the probability that some firm will serve the industry …

only relevant in (location-) allocation theory, but they may also offer intriguing research opportunities for value … using a modified Bertrand duopoly model) and transport costs.In the paper, Hotelling's duopolistic allocation model will act … as the basis for further theorizing. The reasons for the emergence of regional duopoly markets will be investigated by …