Advanced Search
MyIDEAS: Login

La concorrenza come viaggio esplorativo nell'ignoto: dai giochi di prezzo alle azioni sperimentali

Contents:

Author Info

  • Sergio Bruno
Registered author(s):

    Abstract

    Competition as a Trip to the Unknown: from Pricing Games to Experimental Actions (by Sergio Bruno) - ABSTRACT: Competitive interactions are commonly regarded as equilibrium quantities and prices, with prices close to costs. This analysis fails explaining how different markets and modern competitive strategies emerge, inconsistently with managerial and historical perspectives. It is argued first that the poorness of results and the compression of prices to costs are due to artificial constraints put upon choice sets and to the failure to fully exploiting the underlying game interactions. Under appropriate analytical conditions prices can be shown to likely exceed costs in pure contestable, perfect and monopolistic competition markets. In the second part rivalry as exploratory sequences in the sense of Hayek is deepened. Companies’ strategies are experimental actions that create information and affect companies’ choice sets, game rules and the environment itself. The success of innovative bets depends on how other actors change. Intrinsically good or optimal actions cannot be defined. Sunkness is a pervasive conceptual category.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=22344&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: http://www.francoangeli.it/riviste/inglese_download_credit.asp

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by FrancoAngeli Editore in its journal STUDI ECONOMICI.

    Volume (Year): 2004/82 (2004)
    Issue (Month): 82 ()
    Pages:

    as in new window
    Handle: RePEc:fan:steste:v:html10.3280/ste2004-082002

    Contact details of provider:
    Web page: http://www.francoangeli.it/riviste/sommario.asp?IDRivista=59

    Order Information:
    Email:
    Web: http://www.francoangeli.it/riviste/Elenco_Prodotti.aspx?startCode=DC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:fan:steste:v:html10.3280/ste2004-082002. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angelo Ventriglia).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.