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
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Mantovani, Andrea
Keywords
complementarity/substitutability, differential games, reaction functions, price stickiness
Subjects
Area 13 - Scienze economiche e statistiche > SECS-S/06 Metodi matematici dell'economia e delle scienze attuariali e finanziarie
DOI
10.6092/unibo/amsacta/1581
Deposit date
16 Feb 2006
Last modified
17 Feb 2016 14:33
URI
https://amsacta.unibo.it/id/eprint/1581

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