CORRELATED DEMAND SHOCKS AND PRICE WARS DURING BOOMS

被引：43

作者：

KANDORI, M

机构：

来源：

REVIEW OF ECONOMIC STUDIES | 1991年 / 58卷 / 01期

关键词：

D O I：

10.2307/2298053

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The supergame-theoretic model of price competition (Rotemberg and Saloner (1986)) is re-examined in the case of serially correlated demand shocks. The equilibrium price is shown to exhibit the same counter-cyclical movement as in the i.i.d. case, if the discount factor and the number of firms satisfy certain relationship. © 1991 The Review of Economic Studies Limited.

引用

页码：171 / 180

页数：10