Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159306
Authors: 
Cellini, Roberto
Lambertini, Luca
Year of Publication: 
2003
Series/Report no.: 
Quaderni - Working Paper DSE 465
Abstract: 
We present a different duopoly game with capacity accumulation, where firms control investment effords and sales, which can be at most equal to the respective installed capacities at any point of time. We use, alternatively, inverse and direct demand functions with product differentiation, recalling Cournot and Bertrand competition. We show that, at the subgame perfect steady state equilibria, Cournot and Bertrand profits do not coincide, unless the game is quasi-static, which happens if capacity does not depreciate over time.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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