Article ID Journal Published Year Pages File Type
5055408 Economic Modelling 2011 7 Pages PDF
Abstract
► This paper examines the strategic commitment behavior of heterogeneous leaders in an endogenous market structure. ► Each leader's optimal investment level is independent of the other leaders' characters. ► A leader over-invests (resp. under-invests) when an investment increases (resp. decreases) the leader's marginal profitability.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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The top-dog and the lean and hungry look strategies in endogenous entry
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