A Determinação do Preço dos Bens Duráveis em Duopólio
AbstractThis paper aims at the comparison between Cournot and Stackelberg pricings for a durable good, assuming time as a continuous variable. It concludes that the Cournot's strategic conduct is better for the duopoly producers than the Stackelberg's leader. This conclusion, however, does not prevail for the first stage, although it does for the remaining. Whether one of the producers acts as a leader, the satellite rival will respond in such a way that the price approaches, in a very short time, the marginal cost. For the remaining stages, but the first one, irrespective of the risk level and the strategic conduct taken, Cournot's model implies a stable equilibrium, based on higher Cournot's profits than Stackelberg's profits.
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Bibliographic InfoPaper provided by Universidade da Beira Interior, Departamento de Gestão e Economia (Portugal) in its series Working Papers de Gestão, Economia e Marketing (Management, Economics and Marketing Working Papers) with number 6/2001.
Length: 21 pages
Date of creation: 2001
Date of revision:
Duopoly; Durable; Price; Profit;
Other versions of this item:
- Carlos Osório & Paulo Maçãs & João Leitão, 2002. "A Determinação do Preço dos Bens Duráveis em Duopólio," Microeconomics 0202004, EconWPA.
- D2 - Microeconomics - - Production and Organizations
- D4 - Microeconomics - - Market Structure and Pricing
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