On Flexibility in Oligopoly

Tore Ellingsen

No 21, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: 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)
Pages: 9 pages
Date: 1994-06
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Published in Economics Letters, 1995, pages 83-89

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0021

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