Sciweavers

Share
SBP
2011
Springer

Consumer Search, Rationing Rules, and the Consequence for Competition

7 years 9 months ago
Consumer Search, Rationing Rules, and the Consequence for Competition
Abstract. Firms’ conjectures about demand are consequential in oligopoly games. Through agent-based modeling of consumers’ search for products, we can study the rationing of demand between capacity-constrained firms offering homogeneous products and explore the robustness of analytically solvable models’ results. After algorithmically formalizing short-run search behavior rather than assuming a long-run average, this study predicts stronger competition in a two-stage capacity-price game.
Christopher S. Ruebeck
Added 17 Sep 2011
Updated 17 Sep 2011
Type Journal
Year 2011
Where SBP
Authors Christopher S. Ruebeck
Comments (0)
books