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 second mover disadvantage.
- Title
- On Flexibility in Oligopoly
- Creators
- Tore Ellingsen - Stockholm School of Economics, Department of Economics
- Publication Details
- Vol.1994(21)
- Series
- SSE/EFI Working Paper Series in Economics and Finance; 21
- Publisher
- Stockholm School of Economics (SSE); Stockholm, Sweden
- Number of pages
- 9
- Academic Unit
- Department of Economics
- Language
- English
- Resource Type
- Working paper