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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 …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

Persistent link: https://www.econbiz.de/10011376636

New-Keynesian Phillips Curve with Bertrand Competition and Endogenous Entry

Etro, Federico - 2014

We derive a New Keynesian Phillips Curve under Calvo staggered pricing and price competition. Firms strategic … interactions induce price adjusters to change their prices less when there are more firms that do not adjust. This reduces the …

Persistent link: https://www.econbiz.de/10013050260

Firm Entry, Competitive Pressures and the US Inflation Dynamics

Cecioni, Martina - 2011

This paper studies the effect of competitive pressures on inflation dynamics. To this end it derives and estimates a New Keynesian Phillips curve in a model with endogenous firm entry. The number of active firms is inversely related to their market power. By taking into account the number of...

Persistent link: https://www.econbiz.de/10013128340