Arbeitspapier
Sequential Vs Simultaneous Equilibria in A Differentiated Duopoly
This paper tackles the issue of choosing roles in differentiated duopoly games. First, it is shown that the leader is not necessarily better off than in the simultaneous equilibrium. Second, it is proved that the sequential equilibria obtain only if both firms are better off under sequential play than under simultaneous play. Finally, a duopoly game under vertical differentiation and Bertrand competition is illustrated, where the price leader can indeed happen to be worse off than in the simultaneous equilibrium.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 249
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lambertini, Luca
- Ereignis
-
Veröffentlichung
- (wer)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (wo)
-
Bologna
- (wann)
-
1996
- DOI
-
doi:10.6092/unibo/amsacta/5061
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lambertini, Luca
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 1996
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