SEOUL NATIONAL UNIVERSITY · CENTER FOR LAW & ECONOMICS
Center for Law & Economics, Seoul National UniversityCENTER FOR LAW & ECONOMICS
ECONOMICS · RESEARCH RECORD
GlobalMacroeconomics

DP22071 Entry, Exit, and Technological Progress in Markov-Perfect Duopoly

AT A GLANCE

About this material

This paper establishes the existence and essential uniqueness of an intuitively refined Markov-perfect equilibrium in a duopoly game with sunk costs, barriers to entry,

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