Original title: Duopoly competition, escape dynamics and non-cooperative collusion
Authors: Janjgava, Batlome ; Slobodyan, Sergey
Document type: Research reports
Year: 2011
Language: eng
Series: CERGE-EI Working Paper Series, volume: 445
Abstract: 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.
Keywords: beliefs; escape dynamics; implicit collusion
Project no.: CEZ:AV0Z70850503 (CEP), LC542 (CEP)
Funding provider: GA MŠk

Institution: Economics Institute AS ČR (web)
Document availability information: Fulltext is available at external website.
External URL: http://www.cerge-ei.cz/pdf/wp/Wp445.pdf
Original record: http://hdl.handle.net/11104/0200637

Permalink: http://www.nusl.cz/ntk/nusl-71605


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