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Equilibria (SPEs) correspond to the two Stackelberg situations yielding to a coordination problem. In order to solve this issue …
Persistent link: https://www.econbiz.de/10010603667
Equilibria (SPEs) correspond to the two Stackelberg situations yielding to a coordination problem. In order to solve this issue …
Persistent link: https://www.econbiz.de/10008562488
Equilibria (SPEs) correspond to the two Stackelberg situations yielding to a coordination problem. In order to solve this issue …
Persistent link: https://www.econbiz.de/10008568164
Persistent link: https://www.econbiz.de/10011530607
We address in this paper the issue of leadership when two governments provide public goods to their constituencies with cross border externalities as both public goods are valued by consumers in both countries. We study a timing game between two different countries: before providing public...
Persistent link: https://www.econbiz.de/10008479240
We address in this paper the issue of leadership when two governments provide public goods to their constituencies with cross border externalities as both public goods are valued by consumers in both countries. We study a timing game between two different countries: before providing public...
Persistent link: https://www.econbiz.de/10008805924
We address in this paper the issue of leadership when two governments provide public goods to their constituencies with cross border externalities as both public goods are valued by consumers in both countries. We study a timing game between two different countries: before providing public...
Persistent link: https://www.econbiz.de/10005350110
asymmetric cost. Risk dominance considerations allow to select a unique equilibrium in which the low-cost firm is the Stackelberg …
Persistent link: https://www.econbiz.de/10005155390
Persistent link: https://www.econbiz.de/10010344307
This paper compares the leader and follower payoff in a duopoly game, as they arise in sequential play, with the Nash payoff in simultaneous play. If the game is symmetric, has a unique symmetric Nash equilibrium, and players' payoffs are monotonic in the opponent's choice along their own best...
Persistent link: https://www.econbiz.de/10010744848