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Admissible Conjectures and Consistent Conjectures

descriptionPublicationkeyboard_double_arrow_right Other literature type 01 Jan 1993 English Publisher:Unknown
Authors: Holloway, Garth J.; Holloway, Garth J.;

doi: 10.22004/ag.econ.271403

Admissible Conjectures and Consistent Conjectures

Abstract

Firms' conjectures are consistent if their ex post behavior rationalizes their ex ante beliefs. Admissible conjectures are those that satisfy the necessary conditions for consistency. Competition is inadmissible unless aggregate output is stationary. Relaxing this restriction, admissibility eliminates Coumot behavior and constrains conduct to be collusive.

Keywords

collusive behavior, Industrial Organization, consistent conjectures, admissible conjectures, Institutional and Behavioral Economics

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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