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Duopoly supergames with product differentiation
- Source :
- Economics Letters. 11:37-42
- Publication Year :
- 1983
- Publisher :
- Elsevier BV, 1983.
-
Abstract
- When goods are complements or very close substitutes, more tacit collusion is supported by trigger strategies in price setting supergames than in quantity setting supergames. For moderate or poor substitutes, the situation is reversed. This contrasts with the static situation, where price setting strategies always lead to higher welfare.
Details
- ISSN :
- 01651765
- Volume :
- 11
- Database :
- OpenAIRE
- Journal :
- Economics Letters
- Accession number :
- edsair.doi...........3701c9251423a8519a859c18a3b06750