Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/221379 
Year of Publication: 
1992
Series/Report no.: 
Discussion Paper No. 1022
Publisher: 
Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science, Evanston, IL
Abstract: 
) and Shaked and Sutton (1982). Finally, despite the fact that the equilibrium concept is open-loop, all but the introductory price of the high quality good converge to marginal cost in the limit as firms can change prices arbitrarily frequently.
Document Type: 
Working Paper

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