On prices’ cyclical behaviour in oligopolistic markets
| Autor: | Luigi Marattin, Luca Lambertini |
|---|---|
| Přispěvatelé: | Lambertini L., Marattin L. |
| Rok vydání: | 2021 |
| Předmět: |
Economics and Econometrics
Data_MISCELLANEOUS Agency (philosophy) Monetary economics Cyclical pricing Microeconomics Oligopoly C73 0502 economics and business ddc:330 Economics 050207 economics 050205 econometrics L13 05 social sciences Cartel TheoryofComputation_GENERAL Tacit collusion SECS-P/01 Economia politica Shock (economics) E60 Quaderni - Working Paper DSE Demand shock Collusion demand shocks cyclical pricing implicit collusion |
| Zdroj: | 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 |
| ISSN: | 1090-9443 |
| DOI: | 10.1016/j.rie.2020.11.003 |
| Popis: | 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. This poses an issue in terms of an antitrust agency’s ability to draw well defined conclusions on the firms’ behaviour after the occurrence of the shock, with particular reference for the litigation phase after a cartel breakdown. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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