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DOI:10.1111/iere.12077 - Corpus ID: 1289651
@article{Anton2012DynamicPC, title={Dynamic Price Competition with Capacity Constraints and a Strategic Buyer}, author={James J. Anton and Gary Biglaiser and Nikolaos Vettas}, journal={Econometric Modeling: International Economics eJournal}, year={2012}, url={https://api.semanticscholar.org/CorpusID:1289651}}- James J. Anton, Gary Biglaiser, Nikolaos Vettas
- Published 28 September 2012
- Economics
- Econometric Modeling: International Economics eJournal
We analyze a simple dynamic durable good model. Two incumbent sellers and potential entrants choose their capacities at the start of the game. We solve for equilibrium capacity choices and the (necessarily mixed) pricing strategies. In equilibrium, the buyer splits the order with positive probability to preserve competition, making it possible that a high and low price seller both have sales. Sellers command a rent above the value of unmet demand by the other seller. A buyer benefits from…
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