On Flexibility in Oligopoly
Tore Ellingsen ()
No 21, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics
The paper demonstrates that, even when firms' initial moves are simultaneous, the mere opportunity to wait out the opponent's move may be as harmful as a secondmover disadvantage.
Keywords: Oligopoly; flexibility; Stackelberg; first mover advantage (search for similar items in EconPapers)
JEL-codes: L13 (search for similar items in EconPapers)
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Published in Economics Letters, 1995, pages 83-89
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Journal Article: On flexibility in oligopoly (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0021
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