Correlated Demand Shocks and Price Wars During Booms

DOI10.2307/2298053MaRDI QIDQ3360643zbMATH OpenOpenAlexFDO

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

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)

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Cited in

(12)

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

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