Erik, Pot; János, Flesch; Ronald, Peeters; Dries, Vermeulen - Maastricht : METEOR, Maastricht Research School of … - 2009
We study a framework where two duopolists compete repeatedly in prices and where cho-sen prices potentially affect future market shares, but certainly do not affect current sales.This assumption of consumer inertia causes (noncooperative) coordination on high pricesonly to be possible as an...