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behaviors of oligopolistic firms. In this study, we construct a tractable Hotelling duopoly model with price stickiness to …-Stiglitz model, but the difference is not large. (3) A duopoly model with heterogeneous transport costs can explain the existence of …
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We reconsider the New Keynesian model with staggered price setting when each market is characterized by a small number of firms competing in prices à la Bertrand rather than a continuum of isolated monopolists. Price adjusters change their prices less when there are more firms that do not...
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