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Determinants of competitive intensity: substitutability and pricing policy

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  • Cocioc, Paul

Abstract

The article offer a critical perspective of several elements and some associated indicators used in characterizing and estimating the intensity of competition (i.e., the extent to which the mutual pressure of rivals is exerted on the market). We focus on the pricing policies of the firms and its impact and expected responses from competitors. Influences of substitutes and overall production capacity surplus are also analyzed.

Suggested Citation

  • Cocioc, Paul, 2021. "Determinants of competitive intensity: substitutability and pricing policy," MPRA Paper 108654, University Library of Munich, Germany, revised 13 Apr 2021.
  • Handle: RePEc:pra:mprapa:108654
    as

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    File URL: https://mpra.ub.uni-muenchen.de/108654/1/MPRA_paper_108654.pdf
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    References listed on IDEAS

    as
    1. Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
    2. Cocioc, Paul, 2000. "Foundations of a revisited concept of perfect competition," MPRA Paper 83955, University Library of Munich, Germany.
    3. Cocioc, Paul, 2014. "Measuring Competition in Romania - Basic Principles and Extensions," MPRA Paper 83552, University Library of Munich, Germany.
    4. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
    5. G. J. Stigler, 1972. "Perfect Competition, Historically Contemplated," Palgrave Macmillan Books, in: Charles K. Rowley (ed.), Readings in Industrial Economics, chapter 7, pages 105-130, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    competition; competitive intensity; imperfect competition; price signals;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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