Why Oligopoly Prices Don't Stick
Graham Loomes
(Department of Economics, University of Newcastle‐upon‐Tyne)
509
Abstract
Sweezy's kinky demand curve and prediction of price rigidity under oligopoly has recently been supplemented by a similar prediction (on different grounds) by Drèze. This paper questions assumptions made by both authors and shows that alternative assumptions reverse the prediction.
Citation
Loomes, G. (1981), "Why Oligopoly Prices Don't Stick", Journal of Economic Studies, Vol. 8 No. 1, pp. 37-46. https://doi.org/10.1108/eb002521
Publisher
:MCB UP Ltd
Copyright © 1981, MCB UP Limited