Erik, Pot; János, Flesch; Ronald, Peeters; Dries, Vermeulen - Maastricht : METEOR, Maastricht Research School of … - 2011
We study a framework where two duopolists compete repeatedly in prices and where chosen prices potentially affect future market shares, but certainly do not affect current sales. This assumption of consumer inertia causes (noncooperative) coordination on high prices only to be possible as an...