This paper reports the results of an experiment on an infinite horizon duopoly where firms compete in prices and price rigidity is explained by a game-theoretic kinked demand model. The latter ...
In light of recent news that UPS is “doubling down” in a signficant move to beef up its cross-border capabilities, I couldn’t help but don my oligopolistic hat and ponder some related theories. But ...
This is a preview. Log in through your library . Abstract A short-run macroeconomic model is developed which allows for commodity price and wage rigidity as firms' optimal response to a perceived ...