haku: @indexterm Industrial organization / yhteensä: 223
viite: 79 / 223
| Tekijä: | Cooper, D. |
| Otsikko: | Barometric price leadership |
| Lehti: | International Journal of Industrial Organization
1997 : MAY, VOL. 15:3, p. 301-326 |
| Asiasana: | INDUSTRIAL ORGANIZATION INTERNATIONAL PRICES |
| Kieli: | eng |
| Tiivistelmä: | Barometric price leadership refers to situations in which a price leader acts as a barometer of prevailing market conditions for other firms in the industry. In this paper, a model of price setting with costly information acquisition is analysed. It is shown that the unique equilibrium outcome is for one firm to acquire information and become a price leader, while the other firm does not purchase information and becomes a follower. In contrast to most previous work, leadership in this model is due to the informational setting. |
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