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Empirical work on price-cost margins often treats costs as exogenous. Allowing for endogenous costs when estimating price-cost margins is the topic of this paper. Methodologically, the endogenous cost model we propose leads to an additional equation that allows for the simultaneity in price...
Persistent link: https://www.econbiz.de/10013436208
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
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