Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/159234 
Year of Publication: 
2000
Series/Report no.: 
Quaderni - Working Paper DSE No. 393
Publisher: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
Abstract: 
We investigate a dynamic oligopoly game with price adjustments. We show that the subgame perfect equilibria are characterised by larger output and lower price levels then the open-loop solution. The individual (and industry) output at the closed-loop equilibrium is larger than its counterpart at the feedback equilibrium. Therefore, firms prefer the open-loop equilibrium to the feedback equilibrium, and the latter to the closed-loop equilibrium. The opposite applies to consumers.
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
135.66 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.