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Capacity competition of make-to-order firms |
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| Authors: | Hong Chen Yat-wah Wan |
| Institution: | a Cheung Kong Graduate School of Business, Oriental Plaza, Tower E3, Room 320,1 East Chang An Avenue, Beijing 100738, P.R. China b Graduate Institute of Global Operations Strategy and Logistics Management, National Dong Hwa University, Hualien, Taiwan |
| Abstract: | Two make-to-order firms, each modelled as a single-server queue, compete for a common stream of (potential) customers by setting their service capacities (rates) and service prices. Each customer maximizes her expected return by getting service from a firm or by balking. We completely characterize the Nash equilibrium of the competition. |
| Keywords: | Capacity competition Make-to-order firms Long-run duopoly Nash equilibrium Time and price competition |
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