Goering, Gregory E.; Pippenger, Michael K.; Pace, R. Kelley - In: Managerial and Decision Economics 20 (1999) 1, pp. 37-43
Conventional duopoly models typically assume agents possess specific conjectures concerning other agents' behavior. In this paper equilibrium conjectures are endogenous and are a result of a joint factor market and product market equilibrium. Factor markets affect product markets since potential...