Strategic Investment Decisions in a Continuous- Time Dynamic Model with Complementary Goods
- By Kazuhiro Ohnishi1
-
View Affiliations Hide Affiliations1 Institute for Basic Economic Science, 2 15-12 Hanjo, Minoo, Osaka 562-0044, Japan.
- Source: Firms' Strategic Decisions: Theoretical and Empirical Findings: Volume 1 , pp 88-97
- Publication Date: April 2015
- Language: English
Preview this chapter:
Strategic Investment Decisions in a Continuous- Time Dynamic Model with Complementary Goods, Page 1 of 1
< Previous page | Next page > /docserver/preview/fulltext/9781681080383/chapter-6-1.gif
This chapter considers a continuous-time infinite-horizon duopoly model with complementary products. The chapter investigates the optimal level of labour investment by duopoly firms in a new complementary product industry. Based on the analysis of the model, it is shown that there exist multiple perfect equilibrium outcomes where both firms invest beyond their steady-state reaction curves.
Hardbound ISBN:
9781681080390
Ebook ISBN:
9781681080383
-
From This Site
/content/books/9781681080383.chapter-6dcterms_subject,pub_keyword-contentType:Journal -contentType:Figure -contentType:Table -contentType:SupplementaryData105
/content/books/9781681080383.chapter-6
dcterms_subject,pub_keyword
-contentType:Journal -contentType:Figure -contentType:Table -contentType:SupplementaryData
10
5
Chapter
content/books/9781681080383
Book
false
en
