复旦大学本科微观经济学Strat.Multistage Games.student.pptVIP

Strategy: Multistage Games Key issues preventing entry: simultaneous decisions preventing entry: sequential decisions creating and using cost advantages advertising Preventing entry consider a market with either 1 or 2 firms simultaneous entry decision: neither firm has an advantage that helps it prevent other firm from entering sequential decision: incumbent may have an advantage over firm deciding whether to enter Simultaneous decisions initially no gas stations physical space for at most 2 gas stations 2 firms consider opening a gas station at a highway rest stop Simultaneous Decisions Ro