Oligopoly limit pricing: strategic substitutes, strategic complements

Article Abstract:

The theory that firms in an oligopolistic situation would sacrifice profit so as to deter the entry of new firms is analyzed. It is assumed that this particular equilibrial situation is reached even when firms already incur high production costs. The absence of any clear indication of competitors' cost situation is a further incentive to adopt a profit-cutting pricing strategy. The type of products likely to be produced by rivals, whether substitutes or complements, has been found to affect the pricing policy.

Research, Pricing, Equilibrium (Economics), Oligopolies

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Supply function vs. quantity competition in supergames

Article Abstract:

Effects of supply function competition and standard quantity competition on collusion sustainability, using the supergame model, are presented.

Spain, Competition (Economics), Logistics, Business logistics

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Competition policy, collusion, and tacit collusion

Article Abstract:

The impact of antitrust law on tacit collusion using game theory method is analyzed.

United States, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Antitrust Law, Economic aspects, Antitrust issue

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