Název:
Duopoly competition, escape dynamics and non-cooperative collusion
Autoři:
Janjgava, Batlome ; Slobodyan, Sergey Typ dokumentu: Výzkumné zprávy
Rok:
2011
Jazyk:
eng
Edice: CERGE-EI Working Paper Series, svazek: 445
Abstrakt: In this paper, we study an imperfect monitoring model of duopoly under similar settings as in Green and Porter (1984), but here rms do not know the demand parameters and learn about them over time though the price signals. We investigate how a deviation from rational expectations aects the decision making process and what kind of behavior is sustainable in equilibrium.
Klíčová slova:
beliefs; escape dynamics; implicit collusion Číslo projektu: CEZ:AV0Z70850503 (CEP), LC542 (CEP) Poskytovatel projektu: GA MŠk