Habit formation and oligopolistic competition
In this paper I analyze competition in markets with habit formation. I model a two-period game in which two firms enter a market sequentially. I find that the second firm’s product is similar to the original one, but not exactly the same. The model also applies to competition in different markets t...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
El Colegio de México, A.C.
2012-07-01
|
| Series: | Estudios Económicos |
| Subjects: | |
| Online Access: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/87 |