Determinants of competitive intensity: substitutability and pricing policy | Zendy

Paul Cocioc | Zendy

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Determinants of competitive intensity: substitutability and pricing policy

Author(s) -

Paul Cocioc

Publication year - 2021

Publication title -

virgil madgearu review of economic studies and research

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.

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