Paper Title
Market for E-Learning: Case of a Duopoly Model

Using a duopoly model, we analyze the case of two providers of online courses when price of online courses is a decreasing function of the number of online learners, measured using credit hours demanded. When providers face concave revenue and convex cost functions, we show that both providers weakly prefer to be a leader under the conditions of Stackelberg equilibrium. Under such circumstances, a prime mover advantage may exist for the provider that goes online first.