eprintid: 15325
rev_number: 18
eprint_status: archive
userid: 2744
dir: disk0/00/01/53/25
datestamp: 2013-08-13 08:26:40
lastmod: 2015-04-22 10:45:32
status_changed: 2013-08-13 08:26:40
type: workingPaper
metadata_visibility: show
creators_name: Duersch, Peter
creators_name: Eife, Thomas
title: Price Competition in an Inflationary Environment
subjects: ddc-330
divisions: i-181000
keywords: Bertrand Duopoly, Inflation, Experiment, Money Illusion
abstract: We study how inflation and deflation affect firms' ability to cooperate in an experimental Bertrand duopoly with differentiated products. We find that there is significantly less cooperation in the treatments with inflation and deflation compared to the no-inflation treatments. The difficulties to cooperate affect prices and welfare: Depending on the market structure, inflation and deflation lead to significantly lower (real) prices and higher welfare.
date: 2013-07
id_scheme: DOI
id_number: 10.11588/heidok.00015325
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0547
ppn_swb: 1652976272
own_urn: urn:nbn:de:bsz:16-heidok-153258
language: eng
bibsort: DUERSCHPETPRICECOMPE201307
full_text_status: public
series: Discussion Paper Series / University of Heidelberg, Department of Economics
volume: 0547
pages: 28
citation:   Duersch, Peter ; Eife, Thomas  (2013) Price Competition in an Inflationary Environment.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/15325/1/Duersch_Eife_2013_dp547.pdf