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Pricing Behaviour of the Monopolistic and Duopolistic Firms in the Long Run with Heterogeneous Products

David R. Kamerschen ; University of Georgia, Athens, USA
Jae-Hee Park ; University of Georgia, Athens, USA

Sažetak

Scholars have compared the pricing behaviour where a monopolist in the short run produces heterogeneous products 1 and 2, and a duopolist i produces goods i (i = 1, 2), where there are exogenous shocks to marginal cost and/or industry demand. This pricing behaviour is short run in that no entry is considered. However, this paper considers whether the existence of a potential entrant producing heterogeneous goods affects the pricing behaviour of the established monopolist under the same random shocks.

Ključne riječi

Cournot profits; heterogeneous products; Nash equilibrium; probability; pricing behaviour

Hrčak ID:

34656

URI

https://hrcak.srce.hr/34656

Datum izdavanja:

1.5.2000.

Posjeta: 1.068 *