Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159092
Authors: 
Lambertini, Luca
Year of Publication: 
1996
Series/Report no.: 
Quaderni - Working Paper DSE 249
Abstract: 
This paper tackles the issue of choosing roles in differentiated duopoly games. First, it is shown that the leader is not necessarily better off than in the simultaneous equilibrium. Second, it is proved that the sequential equilibria obtain only if both firms are better off under sequential play than under simultaneous play. Finally, a duopoly game under vertical differentiation and Bertrand competition is illustrated, where the price leader can indeed happen to be worse off than in the simultaneous equilibrium.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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