Intertemporal Price Competition with Exogenous Demand Shocks

K. Leufkens; R.J.A.P. Peeters

doi:10.1016/j.econlet.2007.07.021

Intertemporal Price Competition with Exogenous Demand Shocks

K. Leufkens, R.J.A.P. Peeters^*

^*Corresponding author for this work

Microeconomics & Public Economics

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

Abstract

In this paper we show that in a differentiated product market, the presence of exogenous demand shocks leads to countercyclical price behavior when firms are committed to prices in the short run.

Original language	English
Pages (from-to)	301-303
Number of pages	3
Journal	Economics Letters
Volume	99
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2007.07.021
Publication status	Published - 1 Jan 2008

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10.1016/j.econlet.2007.07.021

Cite this

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title = "Intertemporal Price Competition with Exogenous Demand Shocks",

abstract = "In this paper we show that in a differentiated product market, the presence of exogenous demand shocks leads to countercyclical price behavior when firms are committed to prices in the short run.",

author = "K. Leufkens and R.J.A.P. Peeters",

year = "2008",

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