quinta-feira, agosto 29, 2013

Promotores da concorrência imperfeita

"The conventional wisdom, based on Bertrand's result, is to believe that price competition is a much more drastic form of competition than quantity competition. Even if there are few firms on the market, Bertrand's result shows that some form of imperfect competition can lead to marginal cost pricing and thus to social optimality.
...
Maybe it's time to have a closer look at sectors where price competition seems to be the rule, and to finally forget the conventional wisdom created by the very special case of Bertrand price competition."
Trecho retirado de "The end of the Bertrand Paradox?" de Marie-Laure Cabon-Dhersin, Nicolas Drouhin.

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