Intertemporal Price Competition with Exogenous Demand Shocks

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

Research output: Contribution to journalArticleAcademicpeer-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 languageEnglish
Pages (from-to)301-303
Number of pages3
JournalEconomics Letters
Volume99
Issue number2
DOIs
Publication statusPublished - 1 Jan 2008

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