Oligopoly Models: Sweezy’s Kinked Demand Curve Model and Collusion Model
Sweezy’s Kinked Demand Curve Model: The kinked demand curve of oligopoly was developed by Paul M. Sweezy in 1939. Instead of laying emphasis on price-output determination, the model explains the behavior of oligopolistic organizations.
拐折的需求曲线 - MBA智库百科
2016年11月1日 · 美国学者保罗·斯威齐（P.M.Sweezy）认为，寡头产品的市场需求曲线在坐标上不是一条光滑曲线，其斜率在市场上决定的价格水平发生较大变化，出现一个拐点，这样的需求曲线被称为拐折的需求曲线（kinked demand curve）
Kinked demand - Wikipedia
Sweezy argued that an ordinary demand curve does not apply to oligopoly markets and promotes a kinked demand curve. From Queen's College in Oxford , Robert Lowe Hall and Charles J. Hitch wrote "Price Theory and Business Behavior," presenting similar ideas but including more rigorous empirical testing, including a business survey of 39 ...
Kinked Demand Curve Model of Oligopoly (With Diagram)
Analysis of the Kinked Demand Curve Model. This model was developed independently by Prof. Paul M. Sweezy on the one hand and Profs. R. C. Hall and C. J. Hitch on the other hand. The assumptions of this model are: (i) There are only a few firms in an oligopolistic market. (ii) The firms are producing close-substitute products.
Sweezy Oligopoly: Model, Features & Definition - StudySmarter
A Sweezy Oligopoly, also referred to as the kinked demand curve model, is an economic theory that outlines a scenario in which there are limited competition and players in the market. Under this model, businesses are prone to match price reductions of …
Kinked Demand Curve Model | Price Rigidity | Graph | Example
2019年3月6日 · The kinked-demand curve model (also called Sweezy model) posits that price rigidity exists in an oligopoly because an oligopolistic firm faces a kinked demand curve, a demand curve in which the segment above the market price is relatively more elastic than the segment below it.
Oligopoly: Non-Collusive Models- Cournot, Stackelberg, Bertrand, Sweezy …
Sweezy Model or Kinked Demand Curve. The two seminal papers on Kinked Demand were written nearly simultaneously in 1939 on both sides of the Atlantic. Paul Sweezy of Harvard College published “Demand under Conditions of Oligopoly”. According to Sweezy, an ordinary demand curve does not apply to oligopoly markets and promotes a kinked demand ...
Non-Collusive and Collusive Oligopoly (With Diagram)
The idea of using a non-conventional demand curve to represent non-collusive oligopoly (i.e., where sellers compete with their rivals) was best explained by Paul Sweezy in 1939. Sweezy uses kinked demand curve to describe price rigidity in oligopoly market structure.
Kinked Demand Curve - SpringerLink
2017年4月21日 · We review dynamic game-theoretic reformulations, which give rise to a theory of collusive price determination. The kinked demand curve (Sweezy 1939; Hall and Hitch 1939) has been one of the staples of oligopoly theory. It was originally formulated as a theory of price rigidity.
Kinked Demand Curve - SpringerLink
2017年1月1日 · The kinked demand curve (Sweezy, 1939; Hall and Hitch, 1939) has been one of the staples of oligopoly theory. It was originally formulated as a theory of price rigidity. A firm conjectures that its rivals will match its price if it reduces the price, but will not match its price if it initiates a price increase.