Corchon, Luis (1987): Reasonable Conjectures and the Kinked Demand Curve.
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In this paper we study the allocations yielded by kinked demand curves. We will see that there are several difficulties with this concept. Some of them can be eliminated by the consideration of reasonable conjectures
|Item Type:||MPRA Paper|
|Original Title:||Reasonable Conjectures and the Kinked Demand Curve|
|Keywords:||Kinked Deman. Reasonable Conjectures. Solution Concepts.|
|Subjects:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets
D - Microeconomics > D4 - Market Structure, Pricing, and Design > D43 - Oligopoly and Other Forms of Market Imperfection
|Depositing User:||Luis C. Corchon|
|Date Deposited:||11. Nov 2009 00:12|
|Last Modified:||22. Feb 2013 22:51|
Baumol, W. Economic Theory and Operational Analysis. Prentice Hall International, 1972.