On the Possibility of Price Wars When Firms Use a "Tit-for-Tat" Strategy

Dobson, Paul and Sinclair, C.D. (1990) On the Possibility of Price Wars When Firms Use a "Tit-for-Tat" Strategy. Economics Letters, 32 (2). pp. 115-119.

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Abstract

The purpose of this paper is to illustrate how price wars can periodically occur in an industry even when all the firms behave cooperatively, and each firm has no intention of 'cheating' by attempting to undercut the other firms.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > Norwich Business School
University of East Anglia > Faculty of Social Sciences > Research Groups > Business Regulation
Depositing User: Nicola Secker
Date Deposited: 30 Mar 2011 11:36
Last Modified: 25 Jul 2018 08:20
URI: https://ueaeprints.uea.ac.uk/id/eprint/26140
DOI:

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