CORRELATED DEMAND SHOCKS AND PRICE WARS DURING BOOMS

被引：42
|
作者：
KANDORI, M
机构：
来源：
REVIEW OF ECONOMIC STUDIES | 1991年 / 58卷 / 01期
关键词：
D O I：
10.2307/2298053
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The supergame-theoretic model of price competition (Rotemberg and Saloner (1986)) is re-examined in the case of serially correlated demand shocks. The equilibrium price is shown to exhibit the same counter-cyclical movement as in the i.i.d. case, if the discount factor and the number of firms satisfy certain relationship. © 1991 The Review of Economic Studies Limited.
引用
收藏
页码：171 / 180
页数：10
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