The Diffusion of Consumer Durables in a vertically Differentiated Oligopoly

Raymond J. Deneckere and André de Palma ()

No 1022, Discussion Papers from Northwestern University, Center for Mathematical Studies in Economics and Management Science

Abstract: ) and Shaked and Sutton (1982). Finally, despite the fact that the equilibrium concept is open-loop, all but the introductory price of the high quality good converge to marginal cost in the limit as firms can change prices arbitrarily frequently.

Date: 1992-12
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Related works:
Journal Article: The Diffusion of Consumer Durables in a Vertically Differentiated Oligopoly (1998)
Working Paper: The Diffusion of Consumer Durables in a Vertically Differentiated Oligopoly (1995)
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