Testing a Model of the Kinked Demand Curve

V Bhaskar, Stephen Machin and Gavin Reid

Journal of Industrial Economics, 1991, vol. 39, issue 3, 241-54

Abstract: This paper analyzes survey data on the responses firms expect from their competitors when they change prices. There is evidence of an assymmetry in expected responses, which provides some support for modified versions of the kinked demand curve. The asymmetry in responses is found to be cyclically sensitive and to differ with certain firm characteristics. Copyright 1991 by Blackwell Publishing Ltd.

Date: 1991
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