Cournot duopoly with two production periods (Q1092777)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Cournot duopoly with two production periods |
scientific article |
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Cournot duopoly with two production periods (English)
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1987
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A duopoly model is considered where production is chosen in two periods before it is taken to the market so that the resulting game has two stages. It is shown that the subgame perfect equilibria are those corresponding to worst Stackelberg outcomes.
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duopoly
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two stages
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subgame perfect equilibria
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worst Stackelberg outcomes
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