The Diffusion of Consumer Durables in a vertically Differentiated Oligopoly

) and Shaked and Sutton (1982). Finally, despite the fact that the equilibrium concept is open-loop, all but the introductory price of the high quality good converge to marginal cost in the limit as firms can change prices arbitrarily frequently.

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Year of publication:	1992-12
Authors:	Deneckere, Raymond J. ; Palma, Andre de
Institutions:	Center for Mathematical Studies in Economics and Management Science (CMS-EMS), Kellogg Graduate School of Management

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1022
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005824615