This paper examines the sub-game equilibrium strategies for a duopoly real option model consisting of two firms with … asymmetric demand functions. The relative strength of the firms is found to have significant impact on the firms' equilibrium …. Short bursts and recession induced overbuilding are two outcomes in the asymmetric duopoly model. The model, however …

This study is the first to investigate the effect of demand rationing in experimental Bertrand-Edgeworth markets with … efficient demand rationing. Moreover, the amount of capacity available to each firm is varied. In accordance with earlier …