A peek into a Pandora's box: Firm-level demand with price competition vs. quantity competition
AbstractAn analytical method for inverting firm-level demand to obtain inverse demand while preserving the nature of the product is reviewed. Some simple numerical analysis then shows that inverse demand, compared with demand may be less price elastic, similar, or more price elastic as competition increases.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 105 (2009)
Issue (Month): 3 (December)
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Web page: http://www.elsevier.com/locate/ecolet
Inverting demand systems Game theory Price competition Quantity competition Inverse demand;
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