Price versus quantity in a duopoly with network externalities under active and passive expectations
Price versus quantity in a duopoly with network externalities under active and passive expectations
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主动和被动预期下具有网络外部性的双寡头垄断中的价格与数量
DOI:
10.1002/mde.3217
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发表时间:
2021
影响因子:
2.2
通讯作者:
Yasuhiko Nakamura
中科院分区:
文献类型:
--
作者:
Jin-Li Hu;Satoshi Honma;and Hsiao-Ping Hsieh;本間聡;本間聡;Satoshi Honma;Satoshi Honma;本間聡;Satoshi Honma;本間聡;Kiyoshi Matsubara;Yasuhiko Nakamura
This study examines the endogenous choice of strategic contracts in a duopoly composed of firms that produce goods with network externalities with some sort of compatibility. We adopt two types of expectations—active and passive—as consumers' expectations for each firm's equilibrium market share. In addition, we take into account the managerial case and entrepreneurial case with and without separation between ownership and management, as firms' internal structures. We derive the properties in the Cournot competition and the Bertrand competition as the equilibrium market structures under both passive and active expectations under imperfectly compatibility of networks.