the kinked demand curve in oligopoly is used to explain market.
the kinked demand curve in oligopoly is used to explain market.
the kinked demand curve in oligopoly is used to explain?
market
kinked demand









































the kinked-demand curve theory is an economic theory regarding oligopoly and monopolistic competition. kinked demand was an initial attempt to explain sticky prices.









































section::::theory.









































"kinked" demand curves and traditional demand curves are similar in that they are both downward-sloping. they are distinguished by a hypothesized concave bend with a discontinuity at the bend - the "kink." therefore, the first derivative at that point is undefined and leads to a jump discontinuity in the marginal revenue curve.
kinked demand
section::::contemporary reformulation.









































game theory and models of strategic interaction have largely replaced kinked demand to explain price dislocations and slowly adjusting prices. for further information see:









































section::::contemporary reformulation.:reading on contemporary applications.









































bullet::::- a duopoly price game









































bullet::::- a theory of dynamic oligopoly, price competition, kinked demand curves, and edgeworth cycles









































bullet::::- competition in the aluminium industry 1945-58









































bullet::::- the kinked demand curve: a game-theoretic approach









































section::::references.









































bullet::::- bhaskar, v. 1988. "the kinked demand curve: a game-theoretic approach" "international journal of industrial organization" vol. 6, pp. 373-384.
kinked demand