Leader, Or Just Dominant? The Dominant-Firm Model Revisited
I revisit the dominant-firm model and discuss its implicit assumption of a sequential move structure. I argue that a simultaneous move structure is often more reasonable and derive an alternative formulation of the model based on this approach.
|Date of creation:||03 Jan 2011|
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- Volker Nocke & Peter EsoLucy White, 2007.
"Competition for Scarce Resources,"
Economics Series Working Papers
365, University of Oxford, Department of Economics.
- Raymond Deneckere & Dan Kovenock, 1988.
773, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Daughety, Andrew F, 1990. "Beneficial Concentration," American Economic Review, American Economic Association, vol. 80(5), pages 1231-37, December.
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