A general model of two-period duopoly is set up to show how inventories can serve a strategic purpose, enabling the firm to commit to raise its latter-period output. The strategic effect of inventories depends on the convexity of the cost function, on the cost of storage, and on the slopes of...

In this paper we try shedding light on the two popular questions on spectrum licensing auctions: [1] whether any geographical synergies between licences can be detected, and if so, what would be possible alternatives and pros and cons thereof, and [2] whether the provision of entrants-only...

Advance production serves as a means of quantity commitment. Therefore an oligopolist, unlike a monopolist, may have an incentive to invest in advance production in order to pre-empt its opponent(s) even when [i] it is technologically more costly than on-spot production, and [ii] it does not...