Isbn: 9781332255429 - collusive price leadership (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book thematically delves into the emergence and sustenance of price leadership in fragmented markets with asymmetric information, such as the steel and airline industries. The author argues that in such markets, price leadership can emerge as a strategy for firms to coordinate prices in lieu of explicit collusion. Further, the book emphasizes that dominant firms may emerge as price leaders due to their superior information. However, even within price leadership regimes, there may be scope for negotiation, such as rigid pricing to mitigate the effects of demand fluctuations. Lastly, the author highlights the interplay between price leadership and consumer welfare. While price leadership may foster collusion-like outcomes, it also offers advantages over overt collusion in terms of consumer surplus. The book concludes that an understanding of price leadership is crucial for antitrust scrutiny and industrial policy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…