Intertemporal price competition with exogenous demand shocks

被引：1
|
作者：
Leufkens, Kasper [1 ]
Peeters, Ronald [1 ]
机构：
[1] Maastricht Univ, Dept Econ, NL-6200 MD Maastricht, Netherlands
来源：
ECONOMICS LETTERS | 2008年 / 99卷 / 02期
关键词：
alternating-move games; Markov perfect equilibrium; price dynamics;
D O I：
10.1016/j.econlet.2007.07.021
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we show that in a differentiated product market, the presence of exogenous demand shocks leads to countercyclical price behavior when firms are committed to prices in the short run. (C) 2007 Elsevier B.V. All rights reserved.
引用
收藏
页码：301 / 303
页数：3
相关论文
共 50 条
12345