The Kinked Oligopoly Curve Reconsidered

Abstract

Introduction, 119. — I. Belief in the existence of the kink, 119. — II. Price patterns: rigidity, 127; the time period, 128; nominal versus transaction prices, 130; collusion and price leadership, 132; price rigidity of monopolies and heterogeneous oligopolies, 133. — III. Conclusions, 135.