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A peek into a Pandora's box: Firm-level demand with price competition vs. quantity competition

Article ID Journal Published Year Pages File Type
5061658 Economics Letters 2009 5 Pages PDF
Abstract

An analytical method for inverting firm-level demand to obtain inverse demand while preserving the nature of the product is reviewed. Some simple numerical analysis then shows that inverse demand, compared with demand may be less price elastic, similar, or more price elastic as competition increases.

Keywords
Inverse demandPrice competitionQuantity competitionGame theory
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
A peek into a Pandora's box: Firm-level demand with price competition vs. quantity competition
Authors
William Kolberg,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
Inverse demand
Price competition
Quantity competition
Game theory
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