SSE/EFI Working Paper Series in Economics and Finance
On Flexibility in Oligopoly
Abstract: The paper demonstrates that, even when firms' initial
moves are simultaneous, the mere opportunity to wait out the opponent's
move may be as harmful as a secondmover disadvantage.
Keywords: Oligopoly; flexibility; Stackelberg; first mover advantage; (follow links to similar papers)
JEL-Codes: L13; (follow links to similar papers)
9 pages, June 1994
- This paper is published as:
Ellingsen, Tore, (1995), 'On Flexibility in Oligopoly', Economics Letters, Vol. 48, pages 83-89
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