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Recently the software industry has experienced fundamental changes in market structure through the entry of open source competitors, e.g. Linux‘s entry into the operating systems market. In a simple model we examine the effects of such a change in market structure from monopoly to duopoly...
Persistent link: https://www.econbiz.de/10010276552
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Recently the software industry has experienced fundamental changes in market structure through the entry of open source competitors, e.g. Linux's entry into the operating systems market. In a simple model we examine the effects of such a change in market structure from monopoly to duopoly under...
Persistent link: https://www.econbiz.de/10011438863
Persistent link: https://www.econbiz.de/10010421864
Persistent link: https://www.econbiz.de/10012817119
This paper examines the behaviour of two firms competing in a duopoly, where firms can influence demand through use of advertising. The paper simulates the strategic interaction of the two firms based on a game-theoretic Cournot analytical model. The evolution over time of the Nash equilibrium...
Persistent link: https://www.econbiz.de/10012698096