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Commitment, first-mover-, and second-mover advantage

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  • Michael Kopel

    ()

  • Clemens Löffler

    ()

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Bibliographic Info

Article provided by Springer in its journal Journal of Economics.

Volume (Year): 94 (2008)
Issue (Month): 2 (July)
Pages: 143-166

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Handle: RePEc:kap:jeczfn:v:94:y:2008:i:2:p:143-166

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Web page: http://www.springerlink.com/link.asp?id=108909

Related research

Keywords: First mover advantage; Strategic delegation; Research and development; L13; L2; O31;

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References

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  1. Polo, Michele & Tedeschi, Piero, 2000. "Delegation games and side-contracting," Research in Economics, Elsevier, vol. 54(1), pages 101-116, March.
  2. Jansen, Thijs & van Lier, Arie & van Witteloostuijn, Arjen, 2007. "A note on strategic delegation: The market share case," International Journal of Industrial Organization, Elsevier, vol. 25(3), pages 531-539, June.
  3. Bagwell, Kyle, 1995. "Commitment and observability in games," Games and Economic Behavior, Elsevier, vol. 8(2), pages 271-280.
  4. Fershtman, Chaim & Judd, Kenneth L, 1987. "Equilibrium Incentives in Oligopoly," American Economic Review, American Economic Association, vol. 77(5), pages 927-40, December.
  5. Gal-Or, Esther, 1985. "First Mover and Second Mover Advantages," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(3), pages 649-53, October.
  6. Neven, Damien J, 1989. " Strategic Entry Deterrence: Recent Developments in the Economics of Industry," Journal of Economic Surveys, Wiley Blackwell, vol. 3(3), pages 213-33.
  7. Lambertini, Luca, 2000. "Strategic Delegation and the Shape of Market Competition," Scottish Journal of Political Economy, Scottish Economic Society, vol. 47(5), pages 550-70, November.
  8. AMIR, Rabah & STEPANOVA, Anna, 2004. "Second-mover advantage and price leadership in Bertrand duopoly," CORE Discussion Papers 2004037, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  9. Barbara J. Spencer & James A. Brander, 1982. "Strategic Commitment with R&D: The Symmetric Case," Working Papers 516, Queen's University, Department of Economics.
  10. Matthias Kräkel, 2004. "R&D spillovers and strategic delegation in oligopolistic contests," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 25(3), pages 147-156.
  11. Zhiyong Liu, 2005. "Stackelberg leadership with demand uncertainty," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 26(5), pages 345-350.
  12. Fershtman, Chaim, 1985. "Managerial incentives as a strategic variable in duopolistic environment," International Journal of Industrial Organization, Elsevier, vol. 3(2), pages 245-253, June.
  13. Hamilton, Jonathan H. & Slutsky, Steven M., 1990. "Endogenous timing in duopoly games: Stackelberg or cournot equilibria," Games and Economic Behavior, Elsevier, vol. 2(1), pages 29-46, March.
  14. Chaim Fershtman & Kenneth L. Judd & Ehud Kalai, 1990. "Observable Contracts: Strategic Delegation and Cooperation," Discussion Papers 879, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  15. Vardy, Felix, 2004. "The value of commitment in Stackelberg games with observation costs," Games and Economic Behavior, Elsevier, vol. 49(2), pages 374-400, November.
  16. Jianbo Zhang & Zhentang Zhang, 1997. "R&D in a strategic delegation game," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 18(5), pages 391-398.
  17. Bulow, Jeremy I & Geanakoplos, John D & Klemperer, Paul D, 1985. "Multimarket Oligopoly: Strategic Substitutes and Complements," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 488-511, June.
  18. Vickers, John, 1985. "Delegation and the Theory of the Firm," Economic Journal, Royal Economic Society, vol. 95(380a), pages 138-47, Supplemen.
  19. Ware, Roger, 1984. "Sunk Costs and Strategic Commitment: A Proposed Three-Stage Equilibrium," Economic Journal, Royal Economic Society, vol. 94(374), pages 370-78, June.
  20. Basu, Kaushik, 1995. "Stackelberg equilibrium in oligopoly: An explanation based on managerial incentives," Economics Letters, Elsevier, vol. 49(4), pages 459-464, October.
  21. Michael Kopel & Christian Riegler, 2006. "R&D in a strategic delegation game revisited: a note," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(7), pages 605-612.
  22. Dixon, Huw, 1985. "Strategic Investment in an Industry with a Competitive Product Market," Journal of Industrial Economics, Wiley Blackwell, vol. 33(4), pages 483-99, June.
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Citations

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Cited by:
  1. Michael Kopel & Marco Marini, 2012. "Optimal Compensation Structure In Consumer Cooperatives Under Mixed Oligopoly," Working Papers 0512, CREI Università degli Studi Roma Tre, revised 2012.
  2. Kopel, Michael & Brand, Björn, 2012. "Socially responsible firms and endogenous choice of strategic incentives," Economic Modelling, Elsevier, vol. 29(3), pages 982-989.
  3. Nie, Pu-yan, 2013. "Duopoly quality commitment," Economic Modelling, Elsevier, vol. 33(C), pages 832-842.
  4. Athanasia Mavrommati, 2012. "A stackelberg duopoly with binary choices of objectives," Economics Bulletin, AccessEcon, vol. 32(1), pages 843-853.

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