| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4315 |
| DP4315 Dynamic Price Competition with Capacity Constraints and Strategic Buyers | |
| Nikolaos Vettas; Gary Biglaiser | |
| 发表日期 | 2004-03-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We analyse a set of simple dynamic models where sellers are capacity constrained over the length of the model. Buyers act strategically in the market, knowing that their purchases may affect future prices. The model is examined when there are single and multiple buyers, with both linear and non-linear pricing. We find that, in general, there are only mixed strategy equilibria and that sellers get a rent above the amount needed to satisfy the market demand that the other seller cannot meet. Buyers would like to commit not to buy in the future. Furthermore, sellers? market shares tend to be maximally asymmetric with high probability, even though they are ex ante identical. |
| 主题 | Industrial Organization |
| 关键词 | Capacity constraints Bilateral oligopoly Linear and non-linear pricing |
| URL | https://cepr.org/publications/dp4315 |
| 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/533275 |
| 推荐引用方式 GB/T 7714 | Nikolaos Vettas,Gary Biglaiser. DP4315 Dynamic Price Competition with Capacity Constraints and Strategic Buyers. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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