Abstract
In the presence of demand uncertainty, a priori identical firms may voluntarily choose asynchronous timing of entries. We formulate a duopoly model where two firms compete during many marketing periods. To enter the market, each firm is required to make a long-term supply contract with retailers, which stipulates that the firm must supply a constant quantity each period. The state of demand is ex ante uncertain, and becomes observable a period after at least one firm's entry.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
