Zhu, Quan-tao; Wu, Xin-wang; Sun, Laixiang - In: Journal of Economics 112 (2014) 2, pp. 137-164
This paper extends the analysis of duopoly market by distinguishing two types of competition: (i) the basic form of competition where each firm is unrestricted in its choice of price and quantity and (ii) the non-basic form of competition where firms’ strategic choices over price and quantity...