Title: Equilibrium entry patterns under uncertainty
Abstract: Abstract In this paper we develop a model in which incumbency patterns are determined endogenously. We consider a two-period duopoly game under uncertainty and show that the equilibrium entry patterns are determined by the costs and benefits of early entry and the strategic interactions between the firms. We also show that under quite plausible cost conditions, incumbency may not arise as an equilibrium pattern of the duopoly game.
Publication Year: 1994
Publication Date: 1994-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 4
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