Anam, Mahmudul; Basher, Syed A; Chiang, Shin-Hwan - In: The B.E. Journal of Theoretical Economics 7 (2007) 1
In this paper we introduce product demand uncertainty in a mixed oligopoly model and reexamine the nature of sub-game perfect Nash equilibrium (SPNE) when firms decide in the first stage whether to lead or follow in the subsequent quantity-setting game. In the non-stochastic setting, Pal (1998)...