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A price-setting supergame between two heterogeneous firms

✍ Scribed by Hyung Bae

Book ID
117098342
Publisher
Elsevier Science
Year
1987
Tongue
English
Weight
588 KB
Volume
31
Category
Article
ISSN
0014-2921

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The model depicts a single market where firms select prices every new transaction date. The customers, who are input-purchasing firms, decide every new date how much to buy from each supplier. The optimisation decisions of customers are based on price information and are, in addition, influenced by