Oligopolistic equilibrium and financial constraints

We provide a model of dynamic duopoly in which firms face financial constraints and disappear when they are unable to fulfill them. We show that, in some cases, Cournot outputs are no longer supported in equilibrium, because if these outputs were set, a firm may have incentives to ruin the other. In...

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Bibliographic Details
Main Author: Beviá, Carmen (Author)
Other Involved Persons: Corchón, Luis C. ; Yasuda, Yosuke
Format: eBook
Published: Wien : IHS 2015
Series:IHS economics series 316
Physical Description:Online-Ressource (33 S.) graph. Darst.
Format:Systemvoraussetzungen: PDF Reader.
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