| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1728 |
| DP1728 Transition Issues for the European Monetary Union | |
| Willem Buiter; Anne Sibert | |
| 发表日期 | 1997-11-30 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | This paper studies the price dynamics induced by strategic firm behaviour in the presence of consumer learning about the uncertain quality differential of the products offered by a duopoly. It is found that consumers learn slowly and also that prices converge slowly to full-information levels. A consequence is that the incentives of firms to manipulate consumers? beliefs are relatively persistent. Although pricing tends to be aggressive at the early stages, and average prices eventually increase over time, price wars may occur at intermediate stages of the product life-cycle. |
| 主题 | Industrial Organization |
| 关键词 | Learning Market shares Oligopoly pricing |
| URL | https://cepr.org/publications/dp1728 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530874 |
| 推荐引用方式 GB/T 7714 | Willem Buiter,Anne Sibert. DP1728 Transition Issues for the European Monetary Union. 1997. |
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