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Pricing Behaviour of the Monopolistic and Duopolistic Firms in the Long Run with Heterogeneous Products

Author

Listed:
  • David R. Kamerschen

    (University of Georgia)

  • Jae-Hee Park

    (University of Georgia)

Abstract

Scholars have compared the pricing behaviour where a monopolist in the short run produces heterogeneous products 1 and 2, and a duopolist i produces goods i (i = 1, 2), where there are exogenous shocks to marginal cost and/or industry demand. This pricing behaviour is short run in that no entry is considered. However, this paper considers whether the existence of a potential entrant producing heterogeneous goods affects the pricing behaviour of the established monopolist under the same random shocks.

Suggested Citation

  • David R. Kamerschen & Jae-Hee Park, 2000. "Pricing Behaviour of the Monopolistic and Duopolistic Firms in the Long Run with Heterogeneous Products," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 3(1), pages 73-105, May.
    • Handle: RePEc:zag:zirebs:v:3:y:2000:i:1:p:73-105
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    More about this item

    Keywords

    Cournot profits; heterogeneous products; Nash equilibrium; probability; pricing behaviour;
    All these keywords.

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection

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