Price dynamics and collusion under short-run price commitments

被引：6

作者：

Leufkens, Kasper ^{[1
]}

Peeters, Ronald ^{[1
]}

机构：

[1] Maastricht Univ, Dept Econ, NL-6200 MD Maastricht, Netherlands

来源：

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 2011年 / 29卷 / 01期

关键词：

Short-run price commitments; Alternating-move games; Collusion; Price dynamics; Experiment; DUOPOLY; MARKETS; COOPERATION; COMPETITION;

D O I：

10.1016/j.ijindorg.2009.10.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We consider a dynamic homogeneous oligopoly in which firms set prices repeatedly. Theory predicts that short-run price commitments increase profits and may lead to less price stability. The experiments that we conducted provide support for the first effect and against the second effect when a random ending rule is applied. When a fixed ending rule is applied, we find no significant impact of short-run price commitments on profits and price stability. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：134 / 153

页数：20

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