作者：Conlon, JR; Liu, CY
作者单位：National Taiwan University
摘要：We present a generalized (s,S) state-dependent pricing model in which menus are changed, not just in response to price misalignment, but also in response to factors such as changing product mix. Our model generates aggregate price inertia, and so reverses an important earlier result on neutrality in state-dependent pricing contexts in more general settings than previous modifications. It also provides a compromise between state-and time-dependent rules, gives a glimpse at the dynamic implicati...
作者：Motta, M; Thisse, JF; Cabrales, A
作者单位：Universite Catholique Louvain; Institut Polytechnique de Paris; Ecole des Ponts ParisTech
摘要：When two countries starting from different quality levels (reflecting different conditions on domestic market demands) open to trade, two possible equilibria arise. In the first, the quality leader maintains its position. In the second, leapfrogging occurs. However, the latter is possible only if the initial quality gap is not too wide. Further, when the risk dominance criterion is used, only the former equilibrium is selected. These results suggest that initial conditions (such as domestic ma...
