IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-28064-2_3.html
   My bibliography  Save this book chapter

The Dynamics of Market Competition

In: Managerial Decision Making

Author

Listed:
  • Jeffrey Yi-Lin Forrest

    (Slippery Rock University)

  • Jeananne Nicholls

    (Slippery Rock University)

  • Kurt Schimmel

    (Slippery Rock University)

  • Sifeng Liu

    (Nanjing University of Aeronautics & Astronautics)

Abstract

This chapter, which is mainly based on (Forrest et al. 2017b), studies the dynamics of a coordinate monopoly with m incumbent risk-neutral firms regarding how these firms compete by adjusting prices and when new competition(s) will enter the market with expectations of making more profits than any of the incumbents. Major findings include (1) how risk neutrality in a developed marketplace can lead to stagnation in expected profits and irrational decision on pricing, (2) a sufficient and necessary condition under which new competitor(s) will enter the market, although the market is coordinately monopolized, etc.

Suggested Citation

  • Jeffrey Yi-Lin Forrest & Jeananne Nicholls & Kurt Schimmel & Sifeng Liu, 2020. "The Dynamics of Market Competition," Springer Books, in: Managerial Decision Making, chapter 0, pages 41-63, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-28064-2_3
    DOI: 10.1007/978-3-030-28064-2_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-28064-2_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.