Title of article :
Asymmetric adjustment in symmetric duopoly
Author/Authors :
Hansen، نويسنده , , Per Svejstrup; M?llgaard، نويسنده , , Hans Peter; Overgaard، نويسنده , , Per Baltzer; S?rensen، نويسنده , , Jan Rose، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1996
Abstract :
Adjustments to unanticipated demand shocks in a symmetric, differentiated Bertrand duopoly are analysed. Asymmetric adjustment may arise even when adjustment costs are negligible or absent: In some equilibria only one firm adjusts to negative shocks, while both firms adjust to positive shocks
Keywords :
Bertrand duopoly , Asymmetric adjustment , Adjustment costs
Journal title :
Economics Letters
Journal title :
Economics Letters
