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Rationnement Endogene et Structure de Marche

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  • Boyer, M.
  • Moreaux, M.

Abstract

We show in this article the existence of endogenous rationing in a leader-follower duopoly with differentiated products. The duopolists compete in both prices and quantities and each may choose a price-quantity pair within the residual demand it faces in equilibrium. Therefore they are involved in a network of strategic interactions and their decisions bear on both prices and quantities, two important characteristics of many real situations. We consider a "linear" model, where the individual demand for a good depends on three parameters [α, β, γ: the intercept and slope of the demand and the substitutability coefficient of the goods], and two strategy spaces: the pairs (price, quantity produced) and the pairs (price, number of consumers to be rationed). In each case, we characterize the residual demand a firm faces and we demonstrate the existence of rationing in equilibrium. We also show that the number of rationed consumers is independent in the two cases considered, of the parameters α and β of the individual demand function. This unanticipated and rather surprising theoretical result could not have been obtained without the help of MACSYMA, a computer program of symbolic manipulation. Nous démontrons dans cet article l’existence de rationnement endogène dans un duopole à produits différenciés du type meneur-suiveur. Nos duopoleurs se concurrencent à la fois en prix et en quantités et chacun peut choisir un couple prix-quantité en-deçà de la fonction de demande à laquelle il est confronté à l’équilibre. Ainsi ils sont impliqués dans un réseau d’interactions stratégiques et leurs décisions portent à la fois sur les prix et les quantités, deux caractéristiques importantes de situations réelles. Nous considérons un modèle « linéaire », où la demande individuelle pour un bien dépend de trois paramètres [α, β, γ : l’abcisse à l’origine et la pente de la demande et le coefficient de substituabilité des produits], et deux espaces de stratégies : les couples (p
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Boyer, M. & Moreaux, M., 1989. "Rationnement Endogene et Structure de Marche," Cahiers de recherche 8907, Universite de Montreal, Departement de sciences economiques.
  • Handle: RePEc:mtl:montde:8907
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