研討日期 |
2020年10月5日上午10:20~ 12:30 |
研討地點 |
國立臺灣大學606討論室 |
主講題目 Title of the paper |
Price competition or price leadership |
作者 Authors of the paper |
Makoto Yano, Takashi Komatsubara |
文獻出處 Journal, vol.(issue), pp |
Econ Theory (2018) 66:1023–1057 |
主講人 |
許至乙 |
參加人員 |
許至乙、王光正、王羿傑、梁文榮、彭正浩、黃鴻、丁虹仁、洪珮瑜、劉洋、Bui Dang Long、許雅媚、呂文智、陳彥勳、林虢楙、蔡文鋒 |
摘要 Abstract of the paper |
Every now and then, we observe a fierce price war in a real world market, through which competing firms, selling
a homogenous product, end up with Bertrand like price competition. Despite
this, not much has been known in the existing literature as to why a price
competition market is formed. We address this question in the context of a
choice between engaging in price competition and holding a price leader.
Focusing on a duopoly market, we demonstrate that if the market is tight (or
if the relative size of demand to supply exceeds a threshold value) and if
the cost differential between firms is reasonably large, duopoly firms choose
to engage in price competition. Otherwise, one firm becomes a price leader
while the other firm a price follower |