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Static models of the Edgeworth cycle

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  • de Roos, Nicolas

Abstract

We provide a reduced form model that encompasses a range of static explanations for the Edgeworth cycle. The model distills two common features that lie behind a range of intuitive explanations for Edgeworth cycles: discontinuity in demand and a positive residual demand.

Suggested Citation

  • de Roos, Nicolas, 2012. "Static models of the Edgeworth cycle," Economics Letters, Elsevier, vol. 117(3), pages 881-882.
    • Handle: RePEc:eee:ecolet:v:117:y:2012:i:3:p:881-882
    DOI: 10.1016/j.econlet.2012.07.003
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    References listed on IDEAS

    as
    1. Maskin, Eric & Tirole, Jean, 1988. "A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles," Econometrica, Econometric Society, vol. 56(3), pages 571-599, May.
    2. Heijnen, Pim & Soetevent, Adriaan R., 2018. "Price competition on graphs," Journal of Economic Behavior & Organization, Elsevier, vol. 146(C), pages 161-179.
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    Cited by:

    1. Isakower, Sean & Wang, Zhongmin, 2014. "A comparison of regular price cycles in gasoline and liquefied petroleum gas," Energy Economics, Elsevier, vol. 45(C), pages 445-454.
    2. Nicolas de Roos & Vladimir Smirnov, 2020. "Collusion with intertemporal price dispersion," RAND Journal of Economics, RAND Corporation, vol. 51(1), pages 158-188, March.
    3. Nicolas de Roos & Hajime Katayama, 2013. "Gasoline Price Cycles Under Discrete Time Pricing," The Economic Record, The Economic Society of Australia, vol. 89(285), pages 175-193, June.

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    More about this item

    Keywords

    Edgeworth cycles; Residual demand; Gasoline;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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