Scandinavian Working Papers in Economics
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The Economic Research Institute, Stockholm School of Economics SSE/EFI Working Paper Series in Economics and Finance

No 21:
On Flexibility in Oligopoly

Tore Ellingsen ()

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

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This paper is published as:
Ellingsen, Tore, (1995), 'On Flexibility in Oligopoly', Economics Letters, Vol. 48, pages 83-89

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