Asymmetric Adjustment in Menu Cost Duopoly

Per Svejstrup Hansen; H. Peter Mollgaard; Per Baltzer Overgaard; Jan Rose Sorensen

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SSRN Electronic Journal

Article . 1996 . Peer-reviewed

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https://dx.doi.org/10.2139/ssr...

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Asymmetric Adjustment in Menu Cost Duopoly

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 1996 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Per Svejstrup Hansen; H. Peter Mollgaard; Per Baltzer Overgaard; Jan Rose Sorensen;

doi: 10.2139/ssrn.68976

Asymmetric Adjustment in Menu Cost Duopoly

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Abstract

Contrary to existing menu cost models we assume oligopolistic interaction. Symmetric duopoly may lead to asymmetric adjustment even when menu costs are negligible: In some equilibria only one Orm adjusts to negative shocks, while both Orms adjust to positive shocks.

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