Preemption and Rent Dissipation under Bertrand Competition
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Fudenberg, Drew & Tirole, Jean, 1987. "Understanding Rent Dissipation: On the Use of Game Theory in Industrial Organization," American Economic Review, American Economic Association, vol. 77(2), pages 176-183, May.
- B. Curtis Eaton & Richard G. Lipsey, 1981.
"Capital, Commitment, and Entry Equilibrium,"
Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 593-604, Autumn.
- B. Curtis Eaton & Richard G. Lipsey, 1980. "Capital, Commitment, and Entry Equilibrium," Working Paper 397, Economics Department, Queen's University.
- Gilbert, Richard & Harris, Richard G., 1984. "Competition with Lumpy Investment," Department of Economics, Working Paper Series qt11v5q20z, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Dixit, Avinash, 1980.
"The Role of Investment in Entry-Deterrence,"
Economic Journal, Royal Economic Society, vol. 90(357), pages 95-106, March.
- Dixit, Avinash, 1979. "The Role of Investment in Entry-Deterrence," The Warwick Economics Research Paper Series (TWERPS) 140, University of Warwick, Department of Economics.
- Dixit, Avinash, 1979. "The Role Of Investment In Entry-Deterrence," Economic Research Papers 269038, University of Warwick - Department of Economics.
- Boyer, Marcel & Moreaux, Michel, 1989.
"Endogenous Rationing in a Differentiated Product Duopoly,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 877-888, November.
- Boyer, M. & Moreaux, M., 1988. "Endogenous Rationing in a Differentiated Product Duopoly," Cahiers de recherche 8830, Universite de Montreal, Departement de sciences economiques.
- Boyer, M. & Moreaux, M., 1988. "Endogenous Rationing In A Differentiated Product Duopoly," Cahiers de recherche 8830, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Richard J. Gilbert & Richard G. Harris, 1984.
"Competition with Lumpy Investment,"
RAND Journal of Economics, The RAND Corporation, vol. 15(2), pages 197-212, Summer.
- Gilbert, Richard & Harris, Richard G., 1984. "Competition with Lumpy Investment," Department of Economics, Working Paper Series qt11v5q20z, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Posner, Richard A, 1975.
"The Social Costs of Monopoly and Regulation,"
Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 807-827, August.
- Richard A. Posner, 1975. "The Social Costs of Monopoly and Regulation," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 45-65, Springer.
- Richard A. Posner, 1974. "Social Costs of Monopoly and Regulation," NBER Working Papers 0055, National Bureau of Economic Research, Inc.
- Marcel Boyer & Michel Moreaux, 1988.
"Rational Rationing in Stackelberg Equilibria,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(2), pages 409-414.
- Boyer, M. & Moreaux, M., 1986. "Rational Rationing in Stackelerbg Equilibria," Cahiers de recherche 8631, Universite de Montreal, Departement de sciences economiques.
- Gilbert, Richard J & Newbery, David M G, 1982. "Preemptive Patenting and the Persistence of Monopoly," American Economic Review, American Economic Association, vol. 72(3), pages 514-526, June.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
- Katz, Michael L & Shapiro, Carl, 1987. "R&D Rivalry with Licensing or Imitation," American Economic Review, American Economic Association, vol. 77(3), pages 402-420, June.
- Drew Fudenberg & Jean Tirole, 1985. "Preemption and Rent Equalization in the Adoption of New Technology," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 52(3), pages 383-401.
- John V. Leahy, 1993. "Investment in Competitive Equilibrium: The Optimality of Myopic Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(4), pages 1105-1133.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Boyer, Marcel & Lasserre, Pierre & Moreaux, Michel, 2012.
"A dynamic duopoly investment game without commitment under uncertain market expansion,"
International Journal of Industrial Organization, Elsevier, vol. 30(6), pages 663-681.
- Marcel Boyer & Pierre Lasserre & Michel Moreaux, 2011. "A Dynamic Duopoly Investment Game without Commitment under Uncertain Market Expansion," CIRANO Working Papers 2011s-65, CIRANO.
- Jean-Pierre Ponssard, 2004.
"Rent Dissipation in Repeated Entry Games: Some New Results,"
CESifo Working Paper Series
1186, CESifo.
- Jean Pierre Ponssard, 2004. "Rent dissipation in repeated entry games: some new results," Levine's Bibliography 122247000000000082, UCLA Department of Economics.
- Boyer, Marcel & Lasserre, Pierre & Moreaux, Michel, 2010.
"A Dynamic Duopoly Investment Game under Uncertain Market Growth,"
TSE Working Papers
10-171, Toulouse School of Economics (TSE).
- Boyer, Marcel & Lasserre, Pierre & Moreaux, Michel, 2010. "A Dynamic Duopoly Investment Game under Uncertain Market Growth," IDEI Working Papers 617, Institut d'Économie Industrielle (IDEI), Toulouse.
- Boyer, Marcel & Lasserre, Pierre & Moreaux, Michel, 2010. "A Dynamic Duopoly Investment Game under Uncertain Market Growth," LERNA Working Papers 10.12.318, LERNA, University of Toulouse.
- Lambrecht, Bart & Perraudin, William, 2003. "Real options and preemption under incomplete information," Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 619-643, February.
- Boyer, Marcel & Robert, Jacques, 2006. "Organizational inertia and dynamic incentives," Journal of Economic Behavior & Organization, Elsevier, vol. 59(3), pages 324-348, March.
- Marcel Boyer, 2010.
"The Measure and Regulation of Competition in Telecommunications Markets,"
Chapters, in: Anastassios Gentzoglanis & Anders Henten (ed.), Regulation and the Evolution of the Global Telecommunications Industry, chapter 5,
Edward Elgar Publishing.
- Marcel Boyer, 2005. "The Measure and Regulation of Competition in Telecommunications Markets," CIRANO Working Papers 2005s-35, CIRANO.
- Marcel Boyer & Pierre Lasserre & Michel Moreaux, 2007. "The Dynamics of Industry Investments," CIRANO Working Papers 2007s-09, CIRANO.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Marcel Boyer & Pierre Lasserre & Thomas Mariotti & Michel Moreaux, 2000. "Preemption and Rent Dissipation with Multiple Investments," CIRANO Working Papers 2000s-06, CIRANO.
- Boyer, Marcel & Lasserre, Pierre & Moreaux, Michel, 2012.
"A dynamic duopoly investment game without commitment under uncertain market expansion,"
International Journal of Industrial Organization, Elsevier, vol. 30(6), pages 663-681.
- Marcel Boyer & Pierre Lasserre & Michel Moreaux, 2011. "A Dynamic Duopoly Investment Game without Commitment under Uncertain Market Expansion," CIRANO Working Papers 2011s-65, CIRANO.
- Boyer, Marcel & Lasserre, Pierre & Mariotti, Thomas & Moreaux, Michel, 2004. "Preemption and rent dissipation under price competition," International Journal of Industrial Organization, Elsevier, vol. 22(3), pages 309-328, March.
- Marcel Boyer & Pierre Lasserre & Michel Moreaux, 2007. "The Dynamics of Industry Investments," CIRANO Working Papers 2007s-09, CIRANO.
- Bruno Versaevel, 2015.
"Alertness, Leadership, and Nascent Market Dynamics,"
Dynamic Games and Applications, Springer, vol. 5(4), pages 440-466, December.
- Bruno Versaevel, 2012. "Alertness, Leadership, and Nascent Market Dynamics," Post-Print halshs-00755656, HAL.
- Bruno Versaevel, 2015. "Alertness, Leadership, and Nascent Market Dynamics," Post-Print hal-02313312, HAL.
- Bruno Versaevel, 2013. "Alertness, Leadership, and Nascent Market Dynamics," Post-Print halshs-00956753, HAL.
- Bruno Versaevel, 2015. "Alertness, Leadership, and Nascent Market Dynamics," Post-Print halshs-01232708, HAL.
- Bruno Versaevel, 2013. "Alertness, Leadership, and Nascent Market Dynamics," Post-Print halshs-00956748, HAL.
- Bruno Versaevel, 2014. "Alertness, Leadership, and Nascent Market Dynamics," Post-Print halshs-00956755, HAL.
- Boyer, Marcel & Lasserre, Pierre & Moreaux, Michel, 2010.
"A Dynamic Duopoly Investment Game under Uncertain Market Growth,"
TSE Working Papers
10-171, Toulouse School of Economics (TSE).
- Boyer, Marcel & Lasserre, Pierre & Moreaux, Michel, 2010. "A Dynamic Duopoly Investment Game under Uncertain Market Growth," IDEI Working Papers 617, Institut d'Économie Industrielle (IDEI), Toulouse.
- Boyer, Marcel & Lasserre, Pierre & Moreaux, Michel, 2010. "A Dynamic Duopoly Investment Game under Uncertain Market Growth," LERNA Working Papers 10.12.318, LERNA, University of Toulouse.
- Marcel Boyer & Pierre Lasserre & Thomas Mariotti & Michel Moreaux, 2001.
"Real Options, Preemption, and the Dynamics of Industry Investments,"
Cahiers de recherche du Département des sciences économiques, UQAM
20-10, Université du Québec à Montréal, Département des sciences économiques.
- Marcel Boyer & Pierre Lasserre & Thomas Mariotti & Michel Moreaux, 2001. "Real Options, Preemption, and the Dynamics of Industry Investments," CIRANO Working Papers 2001s-64, CIRANO.
- Yao-Wen Hsu & Bart Lambrecht, 2007. "Preemptive patenting under uncertainty and asymmetric information," Annals of Operations Research, Springer, vol. 151(1), pages 5-28, April.
- Billette de Villemeur, Etienne & Ruble, Richard & Versaevel, Bruno, 2014.
"Innovation and imitation incentives in dynamic duopoly,"
MPRA Paper
59453, University Library of Munich, Germany.
- Richard Ruble & Etienne Billette de Villemeur & Bruno Versaevel, 2015. "Innovation and Imitation Incentives in Dynamic Duopoly," Post-Print halshs-01146991, HAL.
- Richard Ruble & Etienne Billette de Villemeur & Bruno Versaevel, 2015. "Innovation and Imitation Incentives in Dynamic Duopoly," Post-Print halshs-01232714, HAL.
- Doriana Ruffino & Jonathan Treussard, 2006.
"Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach,"
Boston University - Department of Economics - Working Papers Series
WP2006-044, Boston University - Department of Economics.
- Jonathan Treussard & Doriana Ruffino, 2007. "Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach," 2007 Meeting Papers 77, Society for Economic Dynamics.
- Bruno Versaevel, 2009. "Cumulative Leadership and Entry Dynamics," Post-Print halshs-00371847, HAL.
- Bergman, Mats A., 1998. "Endogenous Timing of Investments Yields Modified Stackelberg Outcomes," SSE/EFI Working Paper Series in Economics and Finance 272, Stockholm School of Economics.
- BOBTCHEFF Catherine, 2008. "Real Options and Technology Choice under Bertrand Competition," LERNA Working Papers 08.16.260, LERNA, University of Toulouse.
- Azevedo, Alcino & Paxson, Dean, 2014. "Developing real option game models," European Journal of Operational Research, Elsevier, vol. 237(3), pages 909-920.
- Murto, Pauli & Nasakkala, Erkka & Keppo, Jussi, 2004. "Timing of investments in oligopoly under uncertainty: A framework for numerical analysis," European Journal of Operational Research, Elsevier, vol. 157(2), pages 486-500, September.
- Drew Fudenberg, 2015.
"Tirole's Industrial Regulation and Organization Legacy in Economics,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 117(3), pages 771-800, July.
- Fudenberg, Drew, 2015. "Tirole's Industrial Regulation and Organization Legacy in Economics," Scholarly Articles 27303657, Harvard University Department of Economics.
- Kuno J.M. Huisman & Peter M. Kort, 2015.
"Strategic capacity investment under uncertainty,"
RAND Journal of Economics, RAND Corporation, vol. 46(2), pages 376-408, June.
- Huisman, K.J.M. & Kort, P.M., 2013. "Strategic Capacity Investment Under uncertainty," Discussion Paper 2013-003, Tilburg University, Center for Economic Research.
- Huisman, K.J.M. & Kort, P.M., 2013. "Strategic Capacity Investment Under uncertainty," Other publications TiSEM d8f47e8c-1550-4a51-b0fb-3, Tilburg University, School of Economics and Management.
- Kerstan, Sven & Kretschmer, Tobias & Muehlfeld, Katrin, 2012. "The dynamics of pre-market standardization," Information Economics and Policy, Elsevier, vol. 24(2), pages 105-119.
- Billette de Villemeur, Etienne & Ruble, Richard & Versaevel, Bruno, 2016. "When should a winner take all, or pay some? Innovation and imitation incentives in a dynamic duopoly," MPRA Paper 75465, University Library of Munich, Germany.
- Hoppe, Heidrun C. & Lehmann-Grube, Ulrich, 2005. "Innovation timing games: a general framework with applications," Journal of Economic Theory, Elsevier, vol. 121(1), pages 30-50, March.
More about this item
Keywords
Preemption; rent dissipation; lumpy investment; real options;All these keywords.
JEL classification:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cre:uqamwp:20-04. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stéphane Pallage (email available below). General contact details of provider: https://edirc.repec.org/data/duqamca.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.