In capacity-then-price-setting games, soft capacity constraints are planned sales amounts where producing above capacity is possible but more costly. While the subgame perfect equilibrium predicts equal prices, experimental ...

We present a model of price leadership on homogeneous product markets where the price leader is selected endogenously. The price leader sets and guarantees a sales price to which followers adjust according to their individual ...

This paper analyzes the patenting decision of a successful inventor in a model of dynamic technology adoption with asymmetric firms. We show that the extent of the inventor's technological headstart is decisive for his ...