A peek into a Pandora's box: Firm-level demand with price competition vs. quantity competition

William Kolberg

Economics Letters, 2009, vol. 105, issue 3, 242-246

Abstract: An analytical method for inverting firm-level demand to obtain inverse demand while preserving the nature of the product is reviewed. Some simple numerical analysis then shows that inverse demand, compared with demand may be less price elastic, similar, or more price elastic as competition increases.

Keywords: Inverting; demand; systems; Game; theory; Price; competition; Quantity; competition; Inverse; demand (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:3:p:242-246

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