A Differential Oligopoly Game with Differentiated Goods and Sticky Prices.

Lambertini, Luca ; Cellini, Roberto (2002) A Differential Oligopoly Game with Differentiated Goods and Sticky Prices. Bologna: Dipartimento di Scienze economiche DSE, p. 15. DOI 10.6092/unibo/amsacta/4858. In: Quaderni - Working Paper DSE (440). ISSN 2282-6483.
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Abstract

We investigate a dynamic oligopoly game where goods are differentiated and prices are sticky. We study the open-loop Nash equilibrium, and show that the latter equilibrium entails a larger level of steady state production as compared to the former; both equilibria entail a larger level of production in steady state than in static game. We also study the effects of price stickiness and product differentiation upon the steady state equilibrium allocation. We find that per-firm equilibrium output is increasing in both product differentiation and price stickmess.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Cellini, Roberto
Keywords
differential games, loop decision rules, product differentiation, price stickness.
Subjects
ISSN
2282-6483
DOI
Deposit date
14 Mar 2016 15:27
Last modified
14 Mar 2016 15:27
URI

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