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The Choice of Prices vs. Quantities under Uncertainty

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Author Info
Markus Reisinger
Ludwig Ressner
Abstract

If duopolistic firms can choose their strategy variable, uncertainty about demand conditions and the degree of substitutability have countervailing effects on variable choice. High uncertainty favors prices, while close substitutability favors quantities. For intermediate values, a hybrid equilibrium exists.

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File URL: http://www.bgpe.de/texte/DP/007_ressner.pdf
File Format: application/pdf
File Function: First version, 2006
Download Restriction: no

Publisher Info
Paper provided by Bavarian Graduate Program in Economics (BGPE) in its series Working Papers with number 007.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 9 pages
Date of creation: Oct 2006
Date of revision:
Handle: RePEc:bav:wpaper:007_ressner

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Web page: http://www.bgpe.de/
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Related research
Keywords: Competition Strategy Variables Demand Uncertainty

Find related papers by JEL classification:
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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