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A Model of Promotional Competition in Oligopoly.

The article presents information on a model of promotional competition in oligopoly. This article is concerned with markets with few sellers and differentiated products. It is a generally accepted "stylized fact" of industrial organization that price competition is relatively rare in such markets. P...

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Published in:Review of Economic Studies Vol. 43; no. 3; pp. 493 - 508
Main Author: Schmalensee, Richard
Format: Article
Published: Oxford University Press / USA Oct76
Subjects:
Pricing
Competition
Oligopolies
Demand function
Imperfect competition
Business enterprises
Mathematical models
Economic models
Markets
Online Access:View this record in EBSCOhost