Switching Costs and Dynamic Price Competition in Network Industries
نویسندگان
چکیده
منابع مشابه
Dynamic Price Competition with Switching Costs
We develop a continuous-time dynamic model of competition with switching costs to show that in a relatively simple Markov Perfect equilibrium, the dominant rm concedes market share by charging higher prices than the smaller rm. In the short-run, switching costs might have two types of anti-competitive e¤ects: rst, higher switching costs imply a slower transition to a symmetric market structu...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1499862