A Model of Dynamic Limit Pricing with an Application to the Airline Industry
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The one-shot nature of most theoretical models of strategic investment, especially those based on asymmetric information, limits our ability to test whether they can fit the data. We develop a dynamic version of the classic Milgrom and Roberts (1982) model of limit pricing, where a monopolist
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美国国家经济研究局创建时间：
2014-07-01
