This paper examines the effect of increased product substitutability on quantity-setting firms' ability to sustain tacit collusion in a market. It uses a general demand function and the trigger strategy of Friedman (Friedman JW. 1971. A non-cooperative equilibrium for supergames. Re7iew of Economic
โฆ LIBER โฆ
People, products, and pursuits: Exploring the relationship between consumer goals and product meanings
โ Scribed by Mark Ligas
- Publisher
- John Wiley and Sons
- Year
- 2000
- Tongue
- English
- Weight
- 393 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0742-6046
No coin nor oath required. For personal study only.
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A problem, raised by Wallace (JASIS, 37, 136 -145, 1986), on the relation between the journal's median citation age and its number of articles is studied. Leaving open the problem as such, we give a statistical explanation of this relationship, when replacing "median" by "mean" in Wallace's problem.