Endogenous Timing in a Mixed Duopoly with Endogenous Vertical Differentiation
We consider a game of endogenous timing with observable delay in a mixed duopoly with endogenous vertical differentiation in the context of sequential quality and price choice. We find that a simultaneous play in the first opportunity at each stage turns out to be the unique subgame perfect Nash equilibrium, which contrasts with the endogenous timing in a purely private duopoly.
|Date of creation:||Jun 2011|
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