Correlated Demand Shocks and Price Wars During Booms

DOI10.2307/2298053zbMATH Open0733.90017OpenAlexW2027447087MaRDI QIDQ3360643FDOQ3360643

Authors: Michihiro Kandori 

Publication date: 1991

Published in: Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2298053

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zbMATH Keywords

price competitiondemand shocks

Mathematics Subject Classification ID

Other game-theoretic models (91A40) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Cited In (12)

• Exchange rate expectations and market shares
• Sustaining collusion in markets with entry driven by balanced growth
• Conduct parameters and the measurement of market power
• On the counter-cyclicality of prices and markups in a Cournot model of entry
• Public information in Markov games
• Demand shocks and economic fluctuations
• Collusion and cyclic pricing by managers in markets with fluctuating demand
• \((s,S)\) inventory systems with correlated demands
• Supply shocks and the divine coincidence
• Self-enforcing price leadership
• Why do larger buyers pay lower prices? Intense supplier competition
• A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles

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