Dynamic Oligopoly Pricing with Asymmetric Information: Implications for Horizontal Mergers
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We model differentiated product pricing by firms that possess private information about serially-correlated state variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, we show that signaling can raise prices significantly above static
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美国国家经济研究局创建时间:
2021-03-01



