Price competition with capacity uncertainty -- feasting on leftovers

DOI10.1016/J.GEB.2023.03.010MaRDI QIDQ6160123zbMATH OpenOpenAlexFDO

Authors Robert Somogyi, Wouter Vergote, Gábor Virág

Publication date 23 June 2023

Published in Games and Economic Behavior (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/j.geb.2023.03.010

zbMATH Keywords

Bertrand-Edgeworth competitioncapacity constraintcapacity uncertainty

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

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• Low price signals high capacity
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Cites work

• All-pay oligopolies: price competition with unobservable inventory choices
• Capacity precommitment as a barrier to entry: A Bertrand-Edgeworth approach
• Cournot outcomes under Bertrand-Edgeworth competition with demand uncertainty
• Estimation of a Dynamic Auction Game
• Existence results for singular initial value problems for first order differential equations
• Price and capacity competition
• Price Duopoly and Capacity Constraints
• Should competing firms reveal their capacity?
• Strategic obfuscation of production capacities

Cited in

(13)

• Why do larger buyers pay lower prices? Intense supplier competition
• Uncertainty and the acquisition of capacity: A competitive analysis
• Limits of price competition: cost asymmetry and imperfect information
• Evergreening and operational risk under price competition
• Price Versus Production Postponement: Capacity and Competition
• Should competing firms reveal their capacity?
• Quantity precommitment and price-matching
• Feasibility of predatory pricing in a capacity-constrained duopoly
• Asymmetric capacity constraints and equilibrium price dispersion
• Technical note: Nonlinear pricing competition with private capacity information
• Mixed-strategy equilibrium of the symmetric production in advance game: the missing case
• Price competition with population uncertainty
• Price competition in markets with customer testing: the captive customer effect

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