Multimarket Oligopoly: Strategic Substitutes and Complements

@article{Bulow1985MultimarketOS,
  title={Multimarket Oligopoly: Strategic Substitutes and Complements},
  author={Jeremy I. Bulow and J. Geanakoplos and P. Klemperer},
  journal={Journal of Political Economy},
  year={1985},
  volume={93},
  pages={488 - 511}
}
  • Jeremy I. Bulow, J. Geanakoplos, P. Klemperer
  • Published 1985
  • Economics
  • Journal of Political Economy
  • A firm's actions in one market can change competitors' strategies in a second market by affecting its own marginal costs in that other market. Whether the action provides costs or benefits in the second market depends on (a) whether it increases or decreases marginal costs in the second market and (b) whether competitors' products are strategic substitutes or strategic complements. The latter distinction is determined by whether more "aggressive" play (e.g., lower price or higher quantity) by… CONTINUE READING
    2,474 Citations

    References

    SHOWING 1-10 OF 21 REFERENCES
    Credible Spatial Preemption
    • 293
    • PDF
    A MODEL OF DUOPOLY SUGGESTING A THEORY OF ENTRY BARRIERS
    • 1,099
    • PDF
    Capacity, Output, and Sequential Entry
    • 95
    Advertising and Entry Deterrence: An Exploratory Model
    • 151
    • PDF
    The Role Of Investment In Entry-Deterrence
    • 1,474
    • Highly Influential
    • PDF
    The Learning Curve and Competition
    • 783
    • Highly Influential