Kim, Bowon; Ouardighi, Fouad El; Park, Sangsun - In: Applied Economics Letters 19 (2012) 11, pp. 1017-1022
This article examines a case where the demand of a new product follows an applied diffusion model influenced by innovation and price differential effects, and the potential market size expands as the technology level embodied in the product advances. For a duopoly, we set up a differential game...