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• W2395975487 abstract "We investigate a dynamic oligopoly game with price adjustments. We show that the subgame perfect equilibria are characterized by larger output and lower price levels than the open-loop solution. The individual (and industry) output at the closed-loop equilibrium is larger than its counterpart at the feedback equilibrium. Therefore, firms prefer the open-loop equilibrium to the feedback equilibrium, and the latter to the closed-loop equilibrium. The opposite applies to consumers." @default.
• W2395975487 created "2016-06-24" @default.
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• W2395975487 date "2004-07-01" @default.
• W2395975487 modified "2023-10-10" @default.
• W2395975487 title "Dynamic Oligopoly with Sticky Prices: Closed-Loop, Feedback, and Open-Loop Solutions" @default.
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• W2395975487 doi "https://doi.org/10.1023/b:jods.0000034432.46970.64" @default.
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