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Optimal punishments in linear duopoly supergames with product differentiation

Author

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  • Luca Lambertini
  • Dan Sasaki

Abstract

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Suggested Citation

  • Luca Lambertini & Dan Sasaki, 1999. "Optimal punishments in linear duopoly supergames with product differentiation," Journal of Economics, Springer, vol. 69(2), pages 173-188, June.
  • Handle: RePEc:kap:jeczfn:v:69:y:1999:i:2:p:173-188
    DOI: 10.1007/BF01232420
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    File URL: http://hdl.handle.net/10.1007/BF01232420
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    References listed on IDEAS

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    1. Deneckere, R., 1983. "Duopoly supergames with product differentiation," Economics Letters, Elsevier, vol. 11(1-2), pages 37-42.
    2. Val Eugene Lambson, 1987. "Optimal Penal Codes in Price-setting Supergames with Capacity Constraints," Review of Economic Studies, Oxford University Press, vol. 54(3), pages 385-397.
    3. James W. Friedman, 1971. "A Non-cooperative Equilibrium for Supergames," Review of Economic Studies, Oxford University Press, vol. 38(1), pages 1-12.
    4. Rothschild, R., 1992. "On the sustainability of collusion in differentiated duopolies," Economics Letters, Elsevier, vol. 40(1), pages 33-37, September.
    5. Ross, Thomas W., 1992. "Cartel stability and product differentiation," International Journal of Industrial Organization, Elsevier, vol. 10(1), pages 1-13, March.
    6. Bulow, Jeremy I & Geanakoplos, John D & Klemperer, Paul D, 1985. "Multimarket Oligopoly: Strategic Substitutes and Complements," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 488-511, June.
    7. Chang, Myong-Hun, 1991. "The effects of product differentiation on collusive pricing," International Journal of Industrial Organization, Elsevier, vol. 9(3), pages 453-469, September.
    8. Abreu, Dilip, 1986. "Extremal equilibria of oligopolistic supergames," Journal of Economic Theory, Elsevier, vol. 39(1), pages 191-225, June.
    9. Hackner, Jonas, 1994. "Collusive pricing in markets for vertically differentiated products," International Journal of Industrial Organization, Elsevier, vol. 12(2), pages 155-177, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Colombo, Luca & Labrecciosa, Paola, 2006. "The suboptimality of optimal punishments in Cournot supergames," Economics Letters, Elsevier, vol. 90(1), pages 116-121, January.
    2. Lambertini, Luca & Poddar, Sougata & Sasaki, Dan, 2002. "Research joint ventures, product differentiation, and price collusion," International Journal of Industrial Organization, Elsevier, vol. 20(6), pages 829-854, June.
    3. Per Baltzer Overgaard & Peter Møllgaard, 2005. "Information Exchange, Market Transparency and Dynamic Oligopoly," CIE Discussion Papers 2005-11, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
    4. Baldelli, Serena & Lambertini, Luca, 2006. "Price vs quantity in a duopoly supergame with Nash punishments," Research in Economics, Elsevier, vol. 60(3), pages 121-130, September.
    5. Osterdal, Lars Peter, 2003. "A note on the stability of collusion in differentiated oligopolies," Research in Economics, Elsevier, vol. 57(1), pages 53-64, March.
    6. Luca Lambertini, 2000. "Technology and Cartel Stability under Vertical Differentiation," German Economic Review, Verein für Socialpolitik, vol. 1(4), pages 421-442, November.
    7. Azacis, Helmuts & Collie, David R., 2014. "Taxation and the Sustainability of Collusion: Ad Valorem versus Specific Taxes," Cardiff Economics Working Papers E2014/15, Cardiff University, Cardiff Business School, Economics Section.
    8. repec:eee:indorg:v:56:y:2018:i:c:p:49-77 is not listed on IDEAS

    More about this item

    Keywords

    penal codes; security level; product differentiation; positivity constraints; C72; D43; L13;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - 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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