Three-stage entry game: The strategic effects of advertising

This paper analyzes the effects of investment in advertising in the three-stage entry game model with one incumbent and one potential entrant firm. It is shown that if a game theory is applied, under particular conditions, advertising can be used as a strategic weapon in the market entry game. D...

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Bibliographic Details
Main Authors: Kuzmanović Marija, Kovačević-Vujčić Vera, Martić Milan
Format: Article
Language:English
Published: University of Belgrade 2011-01-01
Series:Yugoslav Journal of Operations Research
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/0354-0243/2011/0354-02431102163K.pdf