The dynamic annihilation of a rational competitive fringe by a low-cost dominant firm

DOI10.1016/0165-1889(88)90003-6zbMath0649.90034OpenAlexW2072432999MaRDI QIDQ1106082

Peter Berck, Jeffrey M. Perloff

Publication date: 1988

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/43636/files/CUDARE%20383R%20Berck.pdf

zbMATH Keywords

rational expectationsdominant firmgovernmental intervention

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Cites Work

• Dynamic limit pricing and internal finance
• Dynamic limit pricing, barriers to entry, and rational firms
• New necessary conditions of optimality for control problems with state- variable inequality constraints
• Limit Pricing, Uncertain Entry, and the Entry Lag
• Limit Pricing and Uncertain Entry

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