Prices and information under imperfect competition

Torben M. Andersen, Morten Hviid

Research output: Contribution to journalArticle

1 Citation (Scopus)


Imperfectly competitive product markets cannot be informationally efficient as private information has strategic implications interfering with price adjustment. This is illustrated in a duopoly model with sequential price setting where private information either leads to prices not being adjusted to all available information or to adjusted but biased prices.
Original languageEnglish
Pages (from-to)245-259
Number of pages15
JournalScottish Journal of Political Economy
Issue number3
Publication statusPublished - 1999


  • Competition
  • Information system
  • Price dynamics

Cite this