Cite JOURNAL ARTICLE
Wettbewerb mit Angebotsfunktionen
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 111 (1991), Iss. 4 : pp. 553–576
There are a lot of examples where the instrument of competion ist neither price nor quantity but a set of price/quantity combinations: the price-lists of heating oil merchants, long-term contracts with non-proportional prices (such as Take or Pay contracts), and „deligated supply functions" which play a role in spot markets for electricity. Oligopolistic competition with these instruments can imply marginal cost pricing as well as cartel prices. In the paper, examples and the equilibria of different market structures are reviewed (or derived, respectively).