Construct · 1 fields · 1 citations

Edgeworth cycles: a standalone construct

One name. One construct. A landmark on the map.

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Edgeworthcycles1 CONSTRUCTEdgeworth cyclesMASKIN · INDUSTRIAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Industrial organization

asymmetric price cycles in which competitors undercut each other step by step until one sharply raises its price and the others follow.

In industrial organization, Edgeworth cycles refers to asymmetric price cycles in which competitors undercut each other step by step until one sharply raises its price and the others follow. This meaning comes from Maskin (1988) in Econometrica.[1]

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follow1 fields · 1 citationsanchor · a standalone constructundercut2 fields · 2 citationsjingle · one word, two constructs

References

  1. Maskin, E., & Tirole, J. (1988). A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles. Econometrica, 56(3), 571. https://doi.org/10.2307/1911701

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