Competition and quality in regulated markets: a differential-game approach
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public utilities) taking a differential game approach, in which quality is a stock variable. Using a Hotelling framework, we derive the open-loop solution (providers commit to an optimal in...
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| Other Authors: | , , |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1822/7725 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/7725 |