Open AccessDeterminants of competitive intensity: substitutability and pricing policy
Author(s) -
Paul Cocioc
Publication year - 2021
Publication title -
review of economic studies and research "virgil madgearu"
Language(s) - English
Resource type - Journals
ISSN - 2069-0606
DOI - 10.24193/rvm.2021.14.70
Subject(s) - competitor analysis , competition (biology) , economics , industrial organization , perspective (graphical) , microeconomics , production (economics) , competition policy , econometrics , business , ecology , monopoly , management , artificial intelligence , computer science , biology
The article offer a critical perspective of several elements and some associated indicators used in characterizing and estimating the intensity of competition (i.e., the extent to which the mutual pressure of rivals is exerted on the market). We focus on the pricing policies of the firms and its impact and expected responses from competitors. Influences of substitutes and overall production capacity surplus are also analyzed.