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The Oligopolistic Pricing Problem - A Suggested Price Freeze Remedy
Sagi, Guy - 2007
In this paper I set forth an antitrust remedy for the oligopolistic pricing problem. Oligopoly pricing resembles a … therefore propose the implementation of a price freeze scheme in oligopoly markets by which an oligopolist that significantly … lowers its price would freeze its rivals' prices at their previously higher oligopoly level for a defined period of time. A …
Persistent link: https://www.econbiz.de/10014049971
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Myopic oligopoly pricing
Bos, Iwan; Marini, Marco; Saulle, Riccardo D. - 2021
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the …
Persistent link: https://www.econbiz.de/10012814516
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Strategic choice of price-setting algorithms
Buchali, Katrin; Grüb, Jens; Muijs, Matthias; … - 2023
Recent experimental simulations have shown that autonomous pricing algorithms are able to learn collusive behavior and thus charge supra-competitive prices without being explicitly programmed to do so. These simulations assume, however, that both firms employ the identical price-setting...
Persistent link: https://www.econbiz.de/10013534374
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Price-Quantity Competition of Farsighted Firms : Toughness vs. Collusion
Sandomirskaiay, Marina - 2015
The paper examines an interaction of boundedly rational firms that are able to calculate their gains after reaction of an opponent to their own deviations from the current strategy. We consider an equilibrium concept that we call a Nash-2 equilibrium. We discuss the problem of existence and...
Persistent link: https://www.econbiz.de/10013024415
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Evolutionarily Stable Quality and Price in Oligopoly : A Comparison with Nash
Markazi Moghadam, Hamed - 2014
The article proposes an evolutionary game theoretical analysis of quality and price competition in oligopoly. Using the … second, quality is produced by variable costs. Therefore, in the context of a symmetric oligopoly game where each firm has …
Persistent link: https://www.econbiz.de/10013047757
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Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …
Persistent link: https://www.econbiz.de/10013362001
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Price dispersion and learning in a dynamic differentiated-goods duopoly
Keller, Godfrey; Rady, Sven - 2001 - Revised: October 1998, July 1999. This Version: April 2001
We study the evolution of prices set by duopolists who are uncertain about the perceived degree of product differentiation. Customers sometimes view the products as close substitutes, sometimes as highly differentiated. As the informativeness of the quantities sold increases with the price...
Persistent link: https://www.econbiz.de/10010440972
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On Price Recognition and Competition with Boundedly Rational Consumers
Mojtahed, Vahid - 2012
We study an extension of the model of Rubinstein (1993) to two firms, competing in a market with consumers who are boundedly rational with respect to processing information. The cognitive bound forces customers to partition the price space. Rubinstein shows that a monopolist is able to earn a...
Persistent link: https://www.econbiz.de/10013105473
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Undercut-Proof Subgame Perfect Equilibrium of a Pricing Game
Datta, Debabrata - 2012
Two firms selling a homogenous product to two types of buyers are involved in a sequential pricing game with zero costs. The pricing strategy available involves a fixed price and a royalty. It is shown that there exists a unique subgame perfect equilibrium with positive profits to both firms if...
Persistent link: https://www.econbiz.de/10013115008
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Myopic Oligopoly Pricing
Bos, Iwan; Marini, Marco A.; Saulle, Riccardo - 2021
This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the …
Persistent link: https://www.econbiz.de/10013235450