Higher Order Lags in Price-Adjusting Oligopoly.

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 7
Issue: 3
Pages: 547-55

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider price-adjusting oligopoly models involving Bertrand or adaptive expectations concerning the rivals' prices. Traditionally, one specifies these models with first order exponential adjustment lags. We introduce specific higher order exponential lags in both models which provides a more flexible and richer dynamic specification. We show that in both cases the model with higher order lags is stable if and only if the model with first order lags is stable.

Technical Details

RePEc Handle
repec:spr:joecth:v:7:y:1996:i:3:p:547-55
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29