Prices and information under imperfect competition

Andersen, Torben M. and Hviid, Morten (1999) Prices and information under imperfect competition. Scottish Journal of Political Economy, 46 (3). pp. 245-259. ISSN 0036-9292

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Abstract

Imperfectly competitive product markets cannot be informationally efficient as private information has strategic implications interfering with price adjustment. This is illustrated in a duopoly model with sequential price setting where private information either leads to prices not being adjusted to all available information or to adjusted but biased prices.

Item Type:	Article
Uncontrolled Keywords:	competition,information system,price dynamics
Faculty \ School:	Faculty of Social Sciences > School of Law
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Competition, Markets and Regulation Faculty of Medicine and Health Sciences > Research Centres > Business and Local Government Data Research Centre (former - to 2023) Faculty of Social Sciences > Research Groups > Media, Information Technology and Intellectual Property Law Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User:	Julie Frith
Date Deposited:	16 Nov 2010 09:44
Last Modified:	22 Apr 2023 23:52
URI:	https://ueaeprints.uea.ac.uk/id/eprint/10811
DOI:	10.1111/1467-9485.00131

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