supergame-theoretic model of price wars during booms

The response of oligopolies to fluctuations in the demand for their products is explored. It is contended on theoretical grounds that implicitly colluding oligopolies are likely to behave more competitively in periods of high demand. The possibility that oligopolistic behavior has macroeconomic cons...

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Veröffentlicht in:	The American economic review 1986-06, Vol.76 (3), p.390-407
Hauptverfasser:	Rotemberg, J.J, Saloner, G
Format:	Artikel
Sprache:	eng
Schlagworte:	Cements Cheating Competition Demand Economic fluctuations Economic theory Game theory Industrial concentration Marginal costs Market prices Monopoly Oligopolies Oligopoly Price wars Prices Pricing Shifts in demand
Online-Zugang:	Volltext
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