Identifying Reaction Functions in a Differential Oligopoly Game with Sticky Prices

Lambertini, Luca ; Mantovani, Andrea (2004) Identifying Reaction Functions in a Differential Oligopoly Game with Sticky Prices. Bologna: Dipartimento di Scienze economiche DSE, p. 17. DOI 10.6092/unibo/amsacta/4760. In: Quaderni - Working Paper DSE (530). ISSN 2282-6483.
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Abstract

We investigate the issue of strategic substitutability/complementarity in a Cournot differential game with sticky prices. We show that first order conditions do not produce instantaneous best reply functions. However, we identify negatively sloped reaction functions in steady state, with the open-loop best reply being flatter than its closed-loop counterpart.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Mantovani, Andrea
Keywords
complementarity/substitutability, differential games, reaction functions, price stickiness
Subjects
ISSN
2282-6483
DOI
Deposit date
15 Mar 2016 09:42
Last modified
15 Mar 2016 09:42
URI

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