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
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Lambertini, Luca
Marattin, Luigi
Parole chiave
demand shocks, cyclical pricing, implicit collusion
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
26 Apr 2016 08:29
Ultima modifica
07 Giu 2017 08:54
URI

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