| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8849 |
| DP8849 Dynamic Price Competition with Switching Costs | |
| Natalia Fabra | |
| 发表日期 | 2012-02-01 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We develop a continuous-time dynamic model with switching costs. In a relatively simple Markov Perfect equilibrium, the dominant firm concedes market share by charging higher prices than the smaller firm. In the short-run, switching costs might have two types of anti-competitive effects: first, higher switching costs imply a slower transition to a symmetric market structure and a slower rate of decline for average prices; and second, if firms are sufficiently asymmetric, an increase in switching costs also leads to higher current prices. However, as market structure becomes more symmetric, price competition turns fiercer and in the long-run, switching costs have a pro-competitive effect. From a policy perspective, we conclude that switching costs should only raise concerns in concentrated markets. |
| 主题 | Industrial Organization |
| 关键词 | Firms' asymmetries Switching costs Continuous-time model Markov-perfect equilibrium |
| URL | https://cepr.org/publications/dp8849 |
| 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/537682 |
| 推荐引用方式 GB/T 7714 | Natalia Fabra. DP8849 Dynamic Price Competition with Switching Costs. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Natalia Fabra]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Natalia Fabra]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Natalia Fabra]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
