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Caruana, Guillermo - 2006

than its static analog. We then test the theory using monthly production targets of the Big Three U.S. auto manufacturers …

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

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 … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

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

Business Cycles and Oligopoly Supergames : Some Empirical Evidence on Prices and Margins

Domowitz, Ian - 1986

There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …

Persistent link: https://www.econbiz.de/10012477012

Last-In First-Out Oligopoly Dynamics

Abbring, Jaap H. - 2009

This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …

Persistent link: https://www.econbiz.de/10012463973

An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly

Nocke, Volker - 2018

Using an aggregative games approach, we analyze horizontal mergers in a model of multiproduct-firm price competition with nested CES or nested logit demands. We show that the Herfindahl index provides an adequate measure of the welfare distortions introduced by market power, and that the induced...

Persistent link: https://www.econbiz.de/10012453139

The Information Pharms Race and Competitive Dynamics of Precision Medicine : Insights from Game Theory

Berndt, Ernst R. - 2017

market power. Multiple precision medicine market situations now resemble game theory constructs such as the prisoners …

Persistent link: https://www.econbiz.de/10012453693

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

Pindyck, Robert S. - 1986

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

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

Productivity, Market Power and Capacity Utilization When Spot Markets are Complete

Eden, Benjamin - 1991

Our test of price-taking behavior looks at the choice of capacity rather than the choice of output. It is motivated by a complete spot markets model in which goods are distinguished by the selling probabilities in addition to other characteristics. When output is explained by total man-hours and...

Persistent link: https://www.econbiz.de/10012475309

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