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

Dobson, Paul ORCID: https://orcid.org/0000-0001-7352-740X and Sinclair, C. Donald (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
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Responsible Business Regulation Group Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User:	Nicola Secker
Date Deposited:	30 Mar 2011 10:36
Last Modified:	18 Jun 2026 16:04
URI:	https://ueaeprints.uea.ac.uk/id/eprint/26140
DOI:	10.1016/0165-1765(90)90062-6

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