On the distinction between structure and conduct: adjustment costs, concentration, and price behavior

On the distinction between structure and conduct: adjustment costs, concentration, and price behavior

The effect of concentration on the speed of price adjustment is studied and shown to be ambiguous when adjustment costs are convex. The result relies on making a distinction between the structure of an industry and the conduct of firms within it. (Original abstract)

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Bibliographische Detailangaben
Veröffentlicht in:The Journal of industrial economics 1989-12, Vol.38 (Dec 89), p.235-238
1. Verfasser: Worthington, P R
Format: Artikel
Sprache:eng
Schlagworte:
Adjustment
Concentration
Factors
Industries
Mathematical models
Oligopoly
Prices
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Beschreibung
Zusammenfassung:The effect of concentration on the speed of price adjustment is studied and shown to be ambiguous when adjustment costs are convex. The result relies on making a distinction between the structure of an industry and the conduct of firms within it. (Original abstract)
ISSN:0022-1821