Detail Dynamic Retail Price and Investment Competition (The RAND Journal of Economics, Vol. 28, No. 2, Summer 1997) Bibliografi Author: Bagwell, Kyle ; Ramey, Garey ; Spulberg, Daniel F. Bahasa: (EN )     Penerbit: The Rand Corporations     Tempat Terbit: Santa Monica    Tahun Terbit: 1997     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: independent study 49.pdf (531.56KB; 0 download) Abstract We develop a model of retail competition in which retailers select prices and investments in cost reduction. An equilibrium is constructed in which several identical firms enter and then engage in a phase of vigorous price competition. This phase is concluded with a "shakeout," as a low-price, low-cost firm comes to dominate the market. A central feature of the equilibrium is that low prices are complementary with large investments in cost reduction. Even though the dominant firm's price rises through time, and initially may be below marginal cost, we argue that an interpretation of predatory pricing may be inappropriate. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved