search query: @author Martin, S. / total: 27
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| Author: | Martin, S. |
| Title: | Oligopoly limit pricing: strategic substitutes, strategic complements |
| Journal: | International Journal of Industrial Organization
1995 : MAR, VOL. 13:1, p. 41-65 |
| Index terms: | STRATEGY LIMIT PRICING OLIGOPOLY INFORMATION |
| Language: | eng |
| Abstract: | Conditions are outlined under which it is a sequential equilibrium for firms to forgo current profit to reduce the likelihood of entry, if firms are uncertain about rivals' costs. The assumptions about out-of-equilibrium beliefs that sustain such equilibria are more plausible if firms produce strategic substitutes than if firms produce strategic complements. The implications of limit pricing for market performance are mixed. Imperfect information is discussed. |
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