equilibrium when compared to bargaining markets. Posted price market dominate bargaining markets similarly. …

number of buyers, and they may choose to determine the price of the good either by bargaining or by posting prices. These …

static properties.The more similar firms are, the higher the equilibrium price.Further, a new firm that enters the industry … or an existing firm that becomes more efficient can raise the equilibrium price.The subgame perfect equilibrium is used … to formalize price leadership, joint dominance and efficiency o¤ence. …

European countries. We distinguish between price competition, market position and technological competition. We find that … companies with a longer time horizon have a higher CSP and that price competition and a ‘level playing field’ market position … direct positive influence on CSP. Test results show that time horizon significantly mediates the influence of price …