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
Pages
6
From page
183
To page
188
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
Serial Year
1996
Journal title
Economics Letters
Record number
434213
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