Arbeitspapier
Price Competition in an Inflationary Environment
We study how inflation and deflation affect firms' ability to cooperate in an experimental Bertrand duopoly with differentiated products. We find that there is significantly less cooperation in the treatments with inflation and deflation compared to the no-inflation treatments. The difficulties to cooperate affect prices and welfare: Depending on the market structure, inflation and deflation lead to significantly lower (real) prices and higher welfare.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper Series ; No. 547
- Klassifikation
-
Wirtschaft
- Thema
-
Bertrand Duopoly
Inflation
Experiment
Money Illusion
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Duersch, Peter
Eife, Thomas
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Heidelberg, Department of Economics
- (wo)
-
Heidelberg
- (wann)
-
2013
- DOI
-
doi:10.11588/heidok.00015325
- Handle
- URN
-
urn:nbn:de:bsz:16-heidok-153258
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Duersch, Peter
- Eife, Thomas
- University of Heidelberg, Department of Economics
Entstanden
- 2013
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