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This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10005785877
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10005114429
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We consider a differentiated duopoly and endogenise the firm choice of the strategy variable (price or quantity) to … play on the product market in the presence of network externalities. We model this choice by assuming both competition … between entrepreneurial (owner-managed) firms and competition between managerial firms in which market decisions are delegated …
Persistent link: https://www.econbiz.de/10010729471
We consider the choice of price/quantity by a public and a private firm in a mixed differentiated duopoly. First, we …
Persistent link: https://www.econbiz.de/10010668200