On Prices' Cyclical Behaviour in Oligopolistic Markets

Lambertini, Luca ; Marattin, Luigi (2016) On Prices' Cyclical Behaviour in Oligopolistic Markets. Bologna: Dipartimento di Scienze economiche DSE, p. 23. DOI 10.6092/unibo/amsacta/5089. In: Quaderni - Working Paper DSE (1064). ISSN 2282-6483.
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Abstract

We revisit the discussion about the relationship between price’s cyclical features, implicit collusion and the demand level in an oligopoly supergame where a positive shock may hit demand and disrupt collusion. The novel feature of our model consists in characterising the post-shock noncooperative price and comparing it against the cartel price played in the last period of the collusive path, to single out the conditions for procyclicality to arise both in the short and in the long-run.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Marattin, Luigi
Keywords
demand shocks, cyclical pricing, implicit collusion
Subjects
ISSN
2282-6483
DOI
Deposit date
26 Apr 2016 08:29
Last modified
07 Jun 2017 08:54
URI

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