Why Oligopoly Prices Don't Stick
Sweezy's kinky demand curve and prediction of price rigidity under oligopoly has recently been supplemented by a similar prediction (on different grounds) by Drèze. This paper questions assumptions made by both authors and shows that alternative assumptions reverse the prediction.
Year of publication: |
1981
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Authors: | Loomes, Graham |
Published in: |
Journal of Economic Studies. - MCB UP Ltd, ISSN 1758-7387, ZDB-ID 1480042-1. - Vol. 8.1981, 1, p. 37-46
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Publisher: |
MCB UP Ltd |
Saved in:
Online Resource
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