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endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and …This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … competition in prices, (S, s) inventory behavior together with demand uncertainty generates endogenous cyclical patterns in prices …
Persistent link: https://www.econbiz.de/10010294737
endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and …This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … competition in prices, (S, s) inventory behavior together with demand uncertainty generates endogenous cyclical patterns in prices …
Persistent link: https://www.econbiz.de/10010300834
Bertrand competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We first …
Persistent link: https://www.econbiz.de/10010290534
I find that current US's and EU's Antitrust laws -- in particular their "moderate"' leniency programmes that only reduce or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one-shot competitive interactions, like Bertrand oligopolies and...
Persistent link: https://www.econbiz.de/10011608616
competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
Persistent link: https://www.econbiz.de/10010397677
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10010325731
loss that arises from more intense market competition: the low-cost firms' profits may indeed increase with the number of …
Persistent link: https://www.econbiz.de/10010332211
This paper surveys the recent literature devoted to the analysis of the interactions between the adoption of voluntary or negotiated agreements as a tool of environmental policy and market structure. The goal of this survey is twofold. On the one hand, we would like to identify the market...
Persistent link: https://www.econbiz.de/10011608517
We study collusive behaviour in experimental duopolies that compete in prices under dynamic demand conditions. In one treatment the demand grows at a constant rate. In the other treatment the demand declines at another constant rate. The rates are chosen so that the evolution of the demand in...
Persistent link: https://www.econbiz.de/10010290541
differentiation when customers are concerned about environmental aspects of the good. We use the spatial duopoly model to determine …
Persistent link: https://www.econbiz.de/10011325100