Annales d'Économie et de Statistique, No. 60, Microstructure des marchés financiers / Financial Market Microstructure (Oct. - Dec., 2000), pp. 117-149 (33 pages) This paper introduces the logarithmic ...

A logarithmic excess-advertising model of a duopoly is presented, and Nash optimal open-loop advertising strategies are determined. It turns out that if the two firms use different discount rates, ...