Arbeitspapier
Stackelberg Leadership in a Dynamic Duopoly with Capital Accumulation
I propose a dynamic duopoly model where firms enter simultaneously but compete hierarchically à la Stackelberg at each instant over time. They accumulate capacity through costly investment, as in Solow's (1956) growth model.The leader invests more than the followersò as a result, in steady state the leader's capacity and profits are larger than the follower`s Therefore, the present analysis does not confirm Gibrat`s Law, since the individual growth rate is determined by the timing of moves.
- Language
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Englisch
- Bibliographic citation
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Series: Quaderni - Working Paper DSE ; No. 442
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Lambertini, Luca
- Event
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Veröffentlichung
- (who)
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Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (where)
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Bologna
- (when)
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2002
- DOI
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doi:10.6092/unibo/amsacta/4856
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lambertini, Luca
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Time of origin
- 2002
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