Arbeitspapier
A Differential Oligopoly Game with Differentiated Goods and Sticky Prices
We investigate a dynamic oligopoly game where goods are differentiated and prices are sticky. We study the open-loop Nash equilibrium, and show that the latter equilibrium entails a larger level of steady state production as compared to the former; both equilibria entail a larger level of production in steady state than in static game. We also study the effects of price stickiness and product differentiation upon the steady state equilibrium allocation. We find that per-firm equilibrium output is increasing in both product differentiation and price stickmess.
- Language
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Englisch
- Bibliographic citation
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Series: Quaderni - Working Paper DSE ; No. 440
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Lambertini, Luca
Cellini, Roberto
- Event
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Veröffentlichung
- (who)
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Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (where)
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Bologna
- (when)
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2002
- DOI
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doi:10.6092/unibo/amsacta/4858
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lambertini, Luca
- Cellini, Roberto
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Time of origin
- 2002
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