Article ID: | iaor19982921 |
Country: | South Korea |
Volume: | 22 |
Issue: | 4 |
Start Page Number: | 71 |
End Page Number: | 80 |
Publication Date: | Dec 1997 |
Journal: | Journal of the Korean ORMS Society |
Authors: | Lim Jong-In, Oh Hyung-Sik |
Keywords: | gaming |
In this paper, we consider with a market pioneering game among symmetric firms in highly competitive situation. To describe the puzzling situation of timing competition, we construct a dynamic game model and explore the equilibrium solution. As a result, we find a subgame perfect mixed strategy Nash equilibrium conceptually defined by ‘