Prices and information under imperfect competition

被引：1

作者：

Andersen, TM ^{[1
]}

Hviid, M

机构：

[1] Univ Aarhus, DK-8000 Aarhus C, Denmark

[2] Univ Warwick, Coventry CV4 7AL, W Midlands, England

来源：

SCOTTISH JOURNAL OF POLITICAL ECONOMY | 1999年 / 46卷 / 03期

关键词：

D O I：

10.1111/1467-9485.00131

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Imperfectly competitive product markets cannot be informationally efficient as private information has strategic implications interfering with price adjustment. This is illustrated in a duopoly model with sequential price setting where private information either leads to prices not being adjusted to all available information or to adjusted but biased prices.

引用

页码：245 / 259

页数：15

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