- 著者
- JACQUES THÉPOT
- 出版者
- JAPANESE ECONOMIC ASSOCIATION
- 雑誌
- The Economic Studies Quarterly (ISSN:0557109X)
- 巻号頁・発行日
- vol.41, no.3, pp.270-281, 1990-09-20 (Released:2007-10-19)
- 参考文献数
- 9
This paper develops an analysis of price and investment strategies of duopolists over a business cycle by using a differential game model. The results indicate how competition within an industry contributes to the instability of investment of the firms and to the spreading of the recession throughout the economic system.