Similar Search Results

Irreversible Investment, Capacity Choice, and the Value of the Firm

Pindyck, Robert S. - 1986

Persistent link: https://www.econbiz.de/10012477092

Chronic Excess Capacity in U.S. Industry

Hall, Robert E. - 1986

Persistent link: https://www.econbiz.de/10012477099

Productivity Measurement with Nonstatic Expectations and Varying Capacity Utilization : An Integrated Approach

Morrison, Catherine J. - 1985

Typically measures of multifactor productivity growth have been based on a production and optimization framework that assumes all inputs are instantaneously adjustable, thus ignoring the important impacts of short run fixity of certain inputs. This paper focuses on the distinction between short...

Persistent link: https://www.econbiz.de/10012477524

On the Economic Interpretation and Measurement of Optimal Capacity Utilization with Anticipatory Expectations

Morrison, Catherine J. - 1985

This study builds on recent research giving the notion of capacity utilization clearer economic foundations. In this research optimal output Y* is defined as the minimum point on the firm's short-run average total cost curve, and capacity utilization is then computed as CU=Y/Y*, where Y is...

Persistent link: https://www.econbiz.de/10012477550

How Would Medicare for All Affect Health System Capacity? Evidence from Medicare for Some

Clemens, Jeffrey - 2020

Proposals to create a national health care plan such as "Medicare for All" rely heavily on reducing the prices that insurers pay for health care. These changes affect physicians' short-run incentives for care provision and may also change health care providers' incentives to invest in capacity,...

Persistent link: https://www.econbiz.de/10012482281

Price and Capacity Competition

Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The …-the-equilibrium path they are supported by mixed strategies. We then investigate the efficiency properties of these equilibria, where … "efficiency" is defined as the ratio of surplus in equilibrium relative to the first best. We show that efficiency in the worst …

Persistent link: https://www.econbiz.de/10012465855

Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels

Knittel, Christopher R. - 2006

We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face deterministic demand cycles and choose capacity levels prior to competing in prices. Our focus is on the nature of prices. We find that two types of price wars may exist. In one,...

Persistent link: https://www.econbiz.de/10012466026

Production Targets

Caruana, Guillermo - 2006

We present a dynamic quantity setting game, where players may continuously adjust their quantity targets, but incur convex adjustment costs when they do so. These costs allow players to use quantity targets as a partial commitment device. We show that the equilibrium path of such a game is...

Persistent link: https://www.econbiz.de/10012466713

The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry

Borenstein, Severin - 1997

In an unregulated electricity generation market, the degree to which generators in" different locations compete with one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission capacity on competition among" generators. We show that...

Persistent link: https://www.econbiz.de/10012472520

Microeconomic Adjustment Hazards and Aggregate Dynamics

Caballero, Ricardo J. - 1992

The basic premise of this paper is that understanding aggregate dynamics requires considering that agents are heterogeneous and that they do not adjust continuously to the shocks they perceive. We provide a general characterization of lumpy behavior at the microeconomic level in terms of an...

Persistent link: https://www.econbiz.de/10012474885

1
2
3
4
5
6
7
8
9
10
Next
Last