The browser war — Analysis of Markov Perfect Equilibrium in markets with dynamic demand effects
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DOI: 10.1016/j.jeconom.2020.07.034
Abstract: Abstract When a concentrated market for differentiated products exhibits dynamic demand effects due to inertia, contagion, or network externalities, forward-looking firms consider the strategic impact of investment, pricing, and other conduct that can tip the… read more here.
Keywords: markov perfect; analysis; demand effects; browser war ... See more keywords