M Dudey - The American Economic Review, 1990 - JSTOR
This paper relates firm location choice and consumer search. Firms that cluster together
attract consumers by facilitating price comparison, but clustering increases the intensity of
local competition. I construct a model which shows that firms may choose head-on ...
M Dudey - The Quarterly Journal of Economics, 1992 - JSTOR
A popular criticism of the duopoly models developed by Bertrand [1883] and Edgeworth
[1897] is that their predictions are inconsistent with observed duopoly behavior. In Bertrand's
model, profit-maximizing sellers with the same constant cost technology choose prices; in ...
M Dudey - The Journal of Industrial Economics, 1993 - JSTOR
Although geographical concentrations of retail firms facilitate search, such concentrations
also increase wasteful travel by consumers. An elementary example shows that (i) it may be
impossible for a planner to achieve the first best level of surplus by simply assigning firms ...
M Dudey - The Journal of Political Economy, 1995 - JSTOR
In Coase's (1972) model of dynamic monopoly, the sole supplier of a durable good quotes a
price sequence to buyers who, at every date, regard current and future prices as beyond
their control. Studies of certain versions of the model have shown that, when prices are ...
M Dudey - journal of economic theory, 1996 - upi-yptk.ac.id
A nondurable good monopolist who posts a single price will generally achieve an inefficient
outcome. But is it possible that the monopolist would achieve efficiency by repeatedly
posting prices before delivery? If buyers recognize the effect of current purchases on ...
[CITATION] An Analysis of Some Aspects of the Japanese Stock Market
P Lawler, B Loopesko… - 1988 - Nov
[CITATION] Monopoly with Strategic Buyers
M Dudey - Essays on Monopoly, 1984
[CITATION] Monopoly with Strategic Buyers
D Marc - Unpublished Ph. D. dissertation paper, Princeton …, 1984
M Dudey… - 1988 - federalreserve.gov
ABSTRACT This paper relates firm location choice and consumer search. Firms that cluster
together attract consumers by facilitating price comparison, but clustering increases the
intensity of local competition. I construct a simple model which shows that firms may ...
M Dudey… - 1988 - federalreserve.gov
ABSTRACT In his classic Papers relating to Political Economy (1897), Francis Edgeworth
demonstrated that when duopolists have limited productive capacity, there may be no Nash
equilibrium in prices. One feature of Edgeworth's model is that consumers are assumed to ...
M Dudey - 2000 - atlas-conferences.com
This paper shows how a duopolist's strategic incentive to restrict supply depends on the
timing of consumer arrivals. I develop a model of quantity precommitment and dynamic price
competition. Under reasonable conditions, the sellers do not restrict supply or earn ...
M Dudey - 1988 - c.federalreserve.gov
ABSTRACT This paper relates firm location choice and consumer search. Firms that cluster
together attract consumers by facilitating price comparison, but clustering increases the
intensity of local competition I construct a simple model which shows that firms may ...
[CITATION] Some issues concerning the establishment of a national oil company in the United States
MP Dudey - 1980 - University of Wisconsin-Milwaukee
M Dudey - federalreserve.gov
Abstract: In his classic Papers relating to Political Economy (1897), Francis Edgeworth
demonstrated that when duopolists have limited productive capacity, there may be no Nash
equilibrium in prices. One feature of Edgeworth's model is that consumers are assumed to ...
M Dudey - 2009 - economics.rice.edu
Abstract: In a classic paper, Coase [1972] claimed that market reopening would make a
durable good monopolist worse off. Bagnoli, Salant, and Swierzbinski [1989] note that this
cannot be generally true in a model with discrete demand. Using their model, this paper ...
[CITATION] Essays on Monopoly Pricing Strategies
MP Dudey - 1984 - Princeton University
M Dudey - c.federalreserve.gov
Abstract: This paper relates firm location choice and consumer search. Firms that cluster
together attract consumers by facilitating price comparison, but clustering increases the
intensity of local competition. I construct a simple model which shows that firms may ...
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