Simultaneous vs sequential adjustments in a duopoly
In a duopoly situation, two firms can move towards the equilibrium point either sequentially or simultaneously. In the case of equal costs and equal initial outputs, numerical results in this paper show the effect of simultaneous adjustment and sequential adjustment on the length of time it takes fo...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/16847/ http://doi.org/10.1063/1.4903602 |
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