Arbeitspapier
Identifying Reaction Functions in a Differential Oligopoly Game with Sticky Prices
We investigate the issue of strategic substitutability/complementarity in a Cournot differential game with sticky prices. We show that first order conditions do not produce instantaneous best reply functions. However, we identify negatively sloped reaction functions in steady state, with the open-loop best reply being flatter than its closed-loop counterpart.
- Language
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Englisch
- Bibliographic citation
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Series: Quaderni - Working Paper DSE ; No. 530
- Classification
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Wirtschaft
- Subject
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Oligopol
Preisrigidität
Theorie
Taylor-Regel
- Event
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Geistige Schöpfung
- (who)
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Lambertini, Luca
Mantovani, Andrea
- 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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2004
- DOI
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doi:10.6092/unibo/amsacta/4760
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Lambertini, Luca
- Mantovani, Andrea
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Time of origin
- 2004
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