Pricing model in a declining industry and its applications

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The purpose of this study is to investigate firms' pricing behavior in a declining industry. To this end, Co-authors and I develop several models including not only price competition models but also quantity competition models. Having alternative models would be beneficial to analyze applied issues, which I initially plan to study. In addition to the above theoretical contributions, two papers provide empirical analyses that support the developed model. The grant allows me to purchase POS data of photographic film whose demand has declined after the introduction of digital cameras. I compile the micro data in order to enable us to conduct more structural empirical study.