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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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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description	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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source	EBSCOhost Business Source Complete; Applied Social Sciences Index & Abstracts (ASSIA); JSTOR Archive Collection A-Z Listing
subjects	Adjustment Concentration Factors Industries Mathematical models Oligopoly Prices
title	On the distinction between structure and conduct: adjustment costs, concentration, and price behavior
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