Endogenous Timing in Mixed Duopoly with Increasing Marginal Costs
Endogenous Timing in Mixed Duopoly with Increasing Marginal Costs
复制标题
边际成本增加的混合双头垄断中的内生时机
DOI:
10.1628/093245610793524893
复制
发表时间:
2010
期刊:
影响因子:
0.4
通讯作者:
Kazuharu Kiyono
中科院分区:
文献类型:
--
作者:
Yoshihiro Tomaru;Kazuharu Kiyono
This paper investigates the desirable roles of both public and private firms with increasing marginal costs in mixed duopoly. In contrast to Pal [1998] and Mat- sumura [2003a], who use the constant-marginal-cost model, we show that it is possible for each firm to prefer the role of either the leader or the follower. Furthermore, this paper analyzes the endogenization of the production timing of both types of firms by using the observable-delay game of Hamilton and Slutsky [1990]. We find that even with increasing marginal costs, we can obtain Pal's result - the two types of Stackelberg outcomes are in equilibrium.
影响因子:
1.7
作者:
D. Hirata;Toshihiro Matsumura
通讯作者:
D. Hirata;Toshihiro Matsumura