Asymmetric adjustment in symmetric duopoly

Per Svejstrup Hansen; Peter Møllgaard; Per Baltzer Overgaard; Jan Rose Sorensen

doi:10.1016/S0165-1765(96)00904-4

Asymmetric adjustment in symmetric duopoly

Per Svejstrup Hansen, Peter Møllgaard, Per Baltzer Overgaard, Jan Rose Sorensen

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

Adjustments to unanticipated demand shocks in a symmetric, differentiated bertrand duopoly are analysed. Asymmetric adjustment may arise even when adjustment costs are negligible or absent: in some equilibria only one firm adjusts to negative shocks, while both firms adjust to positive shocks.

Original language	English
Pages (from-to)	183-188
Journal	Economics Letters
Volume	53
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(96)00904-4
Publication status	Published - Nov 1996
Externally published	Yes

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10.1016/S0165-1765(96)00904-4

Cite this

@article{42020441ea854365bca52364ff20861a,

title = "Asymmetric adjustment in symmetric duopoly",

abstract = "Adjustments to unanticipated demand shocks in a symmetric, differentiated bertrand duopoly are analysed. Asymmetric adjustment may arise even when adjustment costs are negligible or absent: in some equilibria only one firm adjusts to negative shocks, while both firms adjust to positive shocks.",

author = "Hansen, {Per Svejstrup} and Peter M{\o}llgaard and Overgaard, {Per Baltzer} and Sorensen, {Jan Rose}",

year = "1996",

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language = "English",

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journal = "Economics Letters",

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AU - Hansen, Per Svejstrup

AU - Møllgaard, Peter

AU - Overgaard, Per Baltzer

AU - Sorensen, Jan Rose

PY - 1996/11

Y1 - 1996/11

N2 - Adjustments to unanticipated demand shocks in a symmetric, differentiated bertrand duopoly are analysed. Asymmetric adjustment may arise even when adjustment costs are negligible or absent: in some equilibria only one firm adjusts to negative shocks, while both firms adjust to positive shocks.

AB - Adjustments to unanticipated demand shocks in a symmetric, differentiated bertrand duopoly are analysed. Asymmetric adjustment may arise even when adjustment costs are negligible or absent: in some equilibria only one firm adjusts to negative shocks, while both firms adjust to positive shocks.

U2 - 10.1016/S0165-1765(96)00904-4

DO - 10.1016/S0165-1765(96)00904-4

M3 - Article

SN - 0165-1765

VL - 53

SP - 183

EP - 188

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -