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Prices and information under imperfect competition
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UNSPECIFIED (1999) Prices and information under imperfect competition. SCOTTISH JOURNAL OF POLITICAL ECONOMY, 46 (3). pp. 245-259. ISSN 0036-9292.
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Abstract
Imperfectly competitive product markets cannot be informationally efficient as private information has strategic implications interfering with price adjustment. This is illustrated in a duopoly model with sequential price setting where private information either leads to prices not being adjusted to all available information or to adjusted but biased prices.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions J Political Science > JA Political science (General) |
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Journal or Publication Title: | SCOTTISH JOURNAL OF POLITICAL ECONOMY | ||||
Publisher: | BLACKWELL PUBL LTD | ||||
ISSN: | 0036-9292 | ||||
Official Date: | August 1999 | ||||
Dates: |
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Volume: | 46 | ||||
Number: | 3 | ||||
Number of Pages: | 15 | ||||
Page Range: | pp. 245-259 | ||||
Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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