The Learning Curve, Market Dominance, and Predatory Pricing

DOI10.2307/2951509zbMath0812.90032OpenAlexW3122162585MaRDI QIDQ4316536

Michael H. Riordan, Luís M. B. Cabral

Publication date: 15 May 1995

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2951509

zbMATH Keywords

dynamic oligopolylearning curvepredatory pricingprice-setting, differentiated duopolyunique and symmetric Markov perfect equilibrium

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Memory and learning in psychology (91E40)

Related Items (25)

Strategic incentives in dynamic duopoly ⋮ Optimal investment in learning-curve technologies ⋮ Search and the introduction of improved technologies ⋮ Network externalities and long-run market shares ⋮ Competition, innovation, and the effect of R\&D knowledge ⋮ Learning by doing and horizontal mergers ⋮ DYNAMIC PRICE COMPETITION WITH CAPACITY CONSTRAINTS AND A STRATEGIC BUYER ⋮ Technology adoption: hysteresis and absence of lock-in ⋮ Cournot competition with hyperbolic learning and myopic firms: a note ⋮ Optimal monopolist export pricing with dynamic demand and learning curve effects ⋮ Duopoly price competition with quality improvement spillover ⋮ Learning by doing, organizational forgetting, and the business cycle ⋮ Market share dynamics in a duopoly model with word-of-mouth communication ⋮ Fixed costs matter even when the costs are sunk ⋮ A constructive study of Markov equilibria in stochastic games with strategic complementarities ⋮ Wright meets Markowitz: how standard portfolio theory changes when assets are technologies following experience curves ⋮ Co-evolution of firms and consumers and the implications for market dominance ⋮ Innovate or imitate? Behavioural technological change ⋮ Asymmetric outcome in a symmetric dynamic duopoly ⋮ The dynamics of bidding markets with financial constraints ⋮ Increasing dominance with no efficiency effect ⋮ Comparative statics, strategic complements and substitutes in oligopolies ⋮ Entry-deterring agency ⋮ Investment timing and predatory behavior in a duopoly with endogenous exit ⋮ Self-reinforcing market dominance

This page was built for publication: The Learning Curve, Market Dominance, and Predatory Pricing