[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
IDEAS home Printed from https://ideas.repec.org/a/adr/anecst/y1986i1p55-73.html
   My bibliography  Save this article

Rationnement, anticipations rationnelles et équilibres de Stackelberg

Author

Listed:
  • Marcel Boyer
  • Michel Moreaux
Abstract
We consider a Stackelberg like duopoly in which the strategy space of the firms are price-quantity pairs, meaning that, at this price, a firm is willing to sell at most the supplied quantity. It is shown that, at the equilibrium, the leader will quote a price lower than the price quoted by the follower, and that, at the price he quotes, he will ration his demand. Hence we get a market structure in which price rigidities and persistent excess demand are immediate outcomes of the non-competitive behiavior of some agents.

Suggested Citation

  • Marcel Boyer & Michel Moreaux, 1986. "Rationnement, anticipations rationnelles et équilibres de Stackelberg," Annals of Economics and Statistics, GENES, issue 1, pages 55-73.
    • Handle: RePEc:adr:anecst:y:1986:i:1:p:55-73
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/20075594
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:1986:i:1:p:55-73. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Secretariat General or Laurent Linnemer (email available below). General contact details of provider: https://edirc.repec.org/data/ensaefr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.