Autore: Martin, Stephen
Titolo: Oligopoly limit pricing: strategic substitutes, strategic complements
Periodico: European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1994 - Fascicolo: 15 - Pagina iniziale: 1 - Pagina finale: 79

Conditions are outlined under which it is a sequential equilibrium for firms to forego current profit to reduce the likelihood of entry, if firms are uncertain about rivals’ costs. The assumptions about out-of-equilibrium beliefs that sustain such equilibria axe more plausible if firms produce strategic substitutes than if firms produce strategic complements.




Testo completo: http://hdl.handle.net/1814/495

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