Live and let live type behavior in a multi-market setting with demand fluctuations

Live and let live type behavior in a multi-market setting with demand fluctuations

This paper formalizes a cooperative mode of behavior which captures essential elements of the live and let live philosophy, and shows that adoption of such a policy tends to benefit firms in oligopolistic markets. It is indicated that multiplicity of contacts and exposure to demand fluctuations may...

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Veröffentlicht in:Journal of economic behavior & organization 1988-09, Vol.10 (2), p.235-244
Hauptverfasser: Kantarelis, D., Veendorp, E.C.H.
Format: Artikel
Sprache:eng
Schlagworte:
Computer based modeling
Economic theory
Hierarchies
Interdependence
Oligopoly
Organizational behavior
Simulation
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Zusammenfassung:This paper formalizes a cooperative mode of behavior which captures essential elements of the live and let live philosophy, and shows that adoption of such a policy tends to benefit firms in oligopolistic markets. It is indicated that multiplicity of contacts and exposure to demand fluctuations may simplify coordination and enhance the potential and profitability of live and let live type behavior.
ISSN:0167-2681
1879-1751
DOI:10.1016/0167-2681(88)90047-9