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Price and Inventory Dynamics in an Oligopoly Industry: A Framework for Commodity Markets

Steinmetz, Alexander - 2010

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

Price and inventory dynamics in an oligopoly industry: A framework for commodity markets

Steinmetz, Alexander - 2010

Persistent link: https://www.econbiz.de/10010300834

Abbink, Klaus; Brandts, Jordi - 2003

Bertrand competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We first …

Persistent link: https://www.econbiz.de/10010290534

Oligopolistic Competition in Price and Quality

Dubovik, Andrei; Janssen, Maarten C.W. - 2008

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

Self-defeating antitrust laws: How leniency programs solve Bertrand's paradox and enforce collusion in auctions

Spagnolo, Giancarlo - 2000

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

Abuse of Competitive Fringe

Capuano, Carlo - 2005

after introducing a minimal structural and strategical framework needed for describing this kind of competition, we prove …

Persistent link: https://www.econbiz.de/10010312265

Signaling Quality through Prices in an Oligopoly

Janssen, Maarten C.W.; Roy, Santanu - 2007

Firms signal high quality through high prices even if the market structure is highly competitive and price competition … is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is …

Persistent link: https://www.econbiz.de/10010325591

Collusion in growing and shrinking markets: Empirical evidence from experimental duopolies

Abbink, Klaus; Brandts, Jordi - 2005

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

A Product Market Theory of Worker Training

Gersbach, Hans; Schutzler, Armin - 2001

employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple … equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non …

Persistent link: https://www.econbiz.de/10010262533

Horizontal mergers, involuntary unemployment, and welfare

Budzinski, Oliver; Budzinski, Jürgen-Peter - 2009

neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …

Persistent link: https://www.econbiz.de/10010321682

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