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@inproceedings{Dutta2005DynamicBC, title={Dynamic Bertrand Competition with Intertemporal Demand}, author={Prajit Dutta and W. Weibull}, year={2005} }

- Published 2005

The standard model of dynamic oligopolistic competition views firms as players in a repeated game, where the demand function is the same in every period. This is not a satisfactory model of the demand side if consumers can make intertemporal substitution between periods. Each period then leaves some residual demand to future periods, and pricing in one… CONTINUE READING

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