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Revisiting Dynamic Duopoly with Consumer Switching Costs

✍ Scribed by A.Jorge Padilla


Book ID
112257484
Publisher
Elsevier Science
Year
1995
Tongue
English
Weight
494 KB
Volume
67
Category
Article
ISSN
0022-0531

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## SUMMARY I investigate a spatial duopoly model with linear transportation costs as a differential game where product differentiation is the result of firms' R&D investments. Two related results obtain, i.e. (i) the steady‐state R&D investment (product differentiation) is negatively (positively) r