Economics, Econometrics and Finance
4 years ago

Firms in Competition Shift Focus to Maximize Non-Profit Goals in Duopoly.

SSRN Electronic Journal
Strategic Commitment to Pursue a Goal Other than Profit in a Cournot Duopoly
Dimitry Rtischev

Paper Summary

Firms in competitive industries may choose to focus on goals other than profit to gain an edge. In a two-firm market, this strategy can have significant impacts on performance. Feasibility constraints also play a role in shaping these decisions.

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