Template-Type: ReDIF-Paper 1.0
Author-Name:  Markus Reisinger
Author-X-Name-First: Markus
Author-X-Name-Last: Reisinger

Author-Name:  Ludwig Ressner
Author-X-Name-First: Ludwig
Author-X-Name-Last: Ressner

Title: The Choice of Prices vs. Quantities under Uncertainty
Abstract: If duopolistic firms can choose their strategy variable, uncertainty
about demand conditions and the degree of substitutability have countervailing
effects on variable choice. High uncertainty favors prices,
while close substitutability favors quantities. For intermediate values,
a hybrid equilibrium exists.
Length:  9 pages
Creation-Date:  2006-10
File-URL: http://www.bgpe.de/texte/DP/007_ressner.pdf
File-Format: Application/pdf
File-Function: First version, 2006
Number: 007
Classification-JEL: D43, L13
Keywords: Competition, Strategy Variables, Demand Uncertainty
Handle: RePEc:bav:wpaper:007_ressner