Deneckere, Raymond J; Kovenock, Dan; Lee, Robert - In: Journal of Industrial Economics 40 (1992) 2, pp. 147-56
This paper analyzes a duopolistic price setting game in which firms have loyal consumer segments but cannot distinguish them from price-sensitive consumers. The authors adapt a variant of H. Varian's (1980) simultaneous price setting game to analyze price-leader equilibria. The properties of the...