Detail Dynamic Retail Price and Investment Competition   Oleh:  Bagwell, Kyle ; Ramey, Garey ; Spulber, Daniel F. Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 28 no. 2 (1997), page 207-227. Topik: RETAIL; retail price; investment competition Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel 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! Kembali

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