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. p. 19. DOI 10.6092/unibo/amsacta/1581.
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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
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Lambertini, Luca
Mantovani, Andrea
Parole chiave
complementarity/substitutability, differential games, reaction functions, price stickiness
Settori scientifico-disciplinari
DOI
Data di deposito
16 Feb 2006
Ultima modifica
17 Feb 2016 14:33
URI

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