Evolution of a Collusive Price in a Networked Market
Evolution of a Collusive Price in a Networked Market
复制标题
网络市场中串通价格的演变
DOI:
10.1007/s13235-019-00322-2
复制
发表时间:
2020
影响因子:
1.5
通讯作者:
Yasuhiro Shirata
中科院分区:
文献类型:
--
作者:
Yasuhiro Shirata
This paper studies evolution of firms’ behavior in a networked Bertrand oligopoly market, in which firms who are located on vertices of a network compete in price with their neighbors. This network model is also applied to a market with multi-dimensionally differentiated products. In a non-networked market, it is known that the Bertrand–Nash equilibrium pricing is evolutionarily stable. We show, however, that in our large networked market, the Bertrand–Nash equilibrium price is not stable but a collusive price is evolutionarily stable under weak selection. As the magnitude of transportation cost increases, firms charge a more collusive price in the long run. The results suggest that collusive pricing prevails in a large market if and only if it is networked.
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DOI:
10.1016/0165-4896(82)90075-0
发表时间:
1982
期刊:
Math. Soc. Sci.
影响因子:
--
作者:
M. Kaneko
通讯作者:
M. Kaneko
影响因子:
3
作者:
N. Economides
通讯作者:
N. Economides
影响因子:
1.8
作者:
Burkhard Hehenkamp;W. Leininger
通讯作者:
W. Leininger
DOI:
10.1016/s0167-7187(99)00033-8
发表时间:
2000-01-01
影响因子:
1.5
作者:
Huck, S;Normann, HT;Oechssler, J
通讯作者:
Oechssler, J
影响因子:
1.6
作者:
Debraj Ray
通讯作者:
Debraj Ray