کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5078473 | 1477369 | 2006 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Supply function vs. quantity competition in supergames
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
The paper makes two contributions to the theory of repeated oligopoly games. First, we build a supergame model where firms compete in supply functions. We show how collusion sustainability is affected by the presence of a convex cost function, the slope of market demand, and the number of rivals. Second, we compare the results with those of standard quantity competition under the same market structure. It is found that depending on the number of rivals and the slope of the market demand, collusion is easier to sustain under supply function rather than under quantity competition.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 24, Issue 4, July 2006, Pages 773-783
Journal: International Journal of Industrial Organization - Volume 24, Issue 4, July 2006, Pages 773-783
نویسندگان
Aitor Ciarreta, Carlos Gutiérrez-Hita,