Identifying price-leadership structures in oligopoly

Kim, Sang-Hyun, Lan, Hao and Dobson, Paul W. ORCID: (2021) Identifying price-leadership structures in oligopoly. Oxford Economic Papers, 73 (1). 350–370. ISSN 0030-7653

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Oligopoly can give rise to complex patterns of price interaction and adjustment. While oligopolistic firms may divide into price leaders and price followers, it is conceivable that some may take on dual roles, being a leader to one group but a follower to a different group in a hierarchical structure. The contribution of this article is to show how such dual relationships are possible in theory along with providing an empirical method to help identify price-leadership structures in n-firm oligopoly. As an illustration, we apply the method to British supermarkets and find a three-tier leader–follower structure.

Item Type: Article
Uncontrolled Keywords: d43,l13,l41,l81,economics and econometrics ,/dk/atira/pure/subjectarea/asjc/2000/2002
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
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Depositing User: LivePure Connector
Date Deposited: 03 Dec 2019 02:12
Last Modified: 28 Apr 2024 23:55
DOI: 10.1093/oep/gpz066


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