Leader, Or Just Dominant? The Dominant-Firm Model Revisited

Nils-Henrik M von der Fehr

Memo 15/2010

Last ned memo

I revisit the dominant-firm model and discuss its implicit assumption of a sequential move structure. I argue that a simultaneous move structure is often more reasonable and derive an alternative formulation of the model based on this approach.

Published June 20, 2014 1:35 PM - Last modified Jan. 24, 2019 11:43 AM