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
Related URLs:
Depositing User: Julie Frith
Date Deposited: 16 Nov 2010 09:44
Last Modified: 21 Apr 2020 21:21
URI: https://ueaeprints.uea.ac.uk/id/eprint/10811
DOI: 10.1111/1467-9485.00131

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