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Cited by 729

The DOI matches its Crossref record; 15 of the 15 references it cites were found in a registry or an index.

A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles

Maskin, Eric, Tirole, Jean·1988·Econometrica

Abstract

The authors provide game theoretic foundations for the classic kinke d demand curve and Edgeworth cycle. In their alternating-move model, there are multiple Markov perfect equilibria of both the kinked deman d curve and Edgeworth cycle variety. In any Markov perfect equilibria , profit is bounded away from the Bertrand equilibria level. A kinked demand curve at the monopoly price is the unique symmetric "renegot iation proof" equilibrium when there is little discounting. The auth ors then endogenize the timing by allowing firms to move at any time. They find that firms end up alternating, thus vindicating the fixed timing assumption of the simpler model. Copyright 1988 by The Econometric Society.

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Metadata

Authors
Maskin, E., & Tirole, J.
Venue
Econometrica
Publisher
JSTOR
Published
1988-05
Volume
56
Issue
3
Pages
571
ISSN
0012-9682 (ISSN-L)
OpenAlex
W2026309037
Cited by
729
References
15
FWCI
17.39
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles. https://app.cochat.ai/papers/10.2307/1911701
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Maskin, E., & Tirole, J. (1988). A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles. Econometrica. https://doi.org/10.2307/1911701

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.