Detail Pricing Patterns as Outcomes of Product Positions (The Journal of Business, Vol. 72, No. 1, January 1999) Bibliografi Author: Tyagi, Rajeev K. Bahasa: (EN )     Penerbit: The University of Chicago Press     Tempat Terbit: Chicago    Tahun Terbit: 1999     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: 24.pdf (528.73KB; 3 download) Abstract Prior empirical work shows that different markets are characterized by different pricing patterns, such as Bertrand-Nash pricing or Stackelberg leader-follower pricing. I consider a duopolistic market where ex ante identical firms sequentially position their products prior to competing on prices (in a single- or multiperiod setting) and show that the unique equilibrium outcome involves (i) firms choosing Stackelberg pricing over Bertrand-Nash pricing; and (ii) the positioning first mover acting as the price leader. An attractive property of this model is that the ex post larger firm acts as the price leader, which is consistent with prior empirical evidence. 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