Narrow search
Showing 1 - 10 of 11,504
Cover Image
Search, Project Adoption and the Fear of Commitment
Atal, Vidya; Bar, Talia; Gordon, Sidartha - Sciences économiques, Sciences Po - 2013
informed. We study the e§ects of competition on the fear of commitment, and compare the jointly optimal adoption decision to …We examine project adoption decisions of firms constrained in the number of projects they can handle at once. Adoption … requires a commitment for a period of uncertain duration, restricting the firm in subsequent periods. Capacity constraints …
Persistent link: https://www.econbiz.de/10011003524
Cover Image
Project Selection: Commitment and Competition
Atal, Vidya; Bar, Talia; Gordon, Sidartha - Department of Economics, University of Connecticut - 2014
a project requires a commitment of uncertain duration, restricting the …rm from selecting another project in subsequent … periods. Due to the capacity constraints and need for commitment, some positive return projects are rejected. In a sequential …
Persistent link: https://www.econbiz.de/10011079288
Cover Image
Re-examining the Effects of Switching Costs
Rhodes, Andrew - Volkswirtschaftliche Fakultät, … - 2013
Consumers often incur costs when switching from one product to another. Recently there has been renewed debate within the literature about whether these switching costs lead to higher prices. We build a theoretical model of dynamic competition and solve it analytically for a wide range of...
Persistent link: https://www.econbiz.de/10011114071
Cover Image
What types of switching costs to create under behavior-based price discrimination?
Rhee, Ki-Eun - In: International Journal of Industrial Organization 37 (2014) C, pp. 209-221
We study firms' incentives to create switching costs using a four-period model consisting of two consecutive price-competing stages intervened by options to create switching costs early (before price competition) and late (during price competition). Acknowledging that many real/social switching...
Persistent link: https://www.econbiz.de/10011117297
Cover Image
Market power in oligopoly: The case of the Ukrainian cement industry
Oleksiy, Isayenko; Ivan, Maryanchyk - EERC Research Network, Russia and CIS - 2006
The object under consideration is the Ukrainian cement industry, which has undergone a serious change in many dimensions, including ownership structure and market structure. We analyze the dynamics of the output market structure and test the hypothesis of a possible collusive behavior introduced...
Persistent link: https://www.econbiz.de/10005519026
Cover Image
Optimal Project Rejection and New Firm Start-Ups
Cassiman, Bruno; Ueda, Masako - C.E.P.R. Discussion Papers - 2002
Entrants are typically found to be more innovative than incumbent firms. Furthermore, these innovative ideas often originate with established firms in the industry. Therefore, the established firm and the start-up firm seem to select different types of projects. We claim that this is the...
Persistent link: https://www.econbiz.de/10005662308
Cover Image
Markovian Equilibrium in a Model of Investment Under Imperfect Competition.
Fagart, Thomas - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
This paper develops and analyzes a dynamic model of partially irreversible investment under cournot competition and stochastic evolution of demand. In this framework, I characterize the markov perfect equilibrium in which player's strategies are continuous in the state variable. There exists a...
Persistent link: https://www.econbiz.de/10010791271
Cover Image
Quantitative Policy Analysis of Innovation Activities: Application to Dynamic Structural Estimation
Isogawa, Daiya; Ohashi, Hiroshi - In: Public Policy Review 9 (2013) 2, pp. 257-286
This paper estimates a dynamic oligopoly model of product innovation and proposes an approach to evaluate an equilibrium effect of public policy on firm's innovation activities. The model considers a multi-agent Markov-Perfect Nash Equilibrium, allowing for firm's dynamic decision making on...
Persistent link: https://www.econbiz.de/10010832854
Cover Image
Computable Markov-Perfect Industry Dynamics: Existence, Purification, and Multiplicity
Doraszelski, Ulrich; Satterthwaite, Mark - C.E.P.R. Discussion Papers - 2007
We provide a general model of dynamic competition in an oligopolistic industry with investment, entry, and exit. To ensure that there exists a computationally tractable Markov perfect equilibrium, we introduce firm heterogeneity in the form of randomly drawn, privately known scrap values and...
Persistent link: https://www.econbiz.de/10005788920
Cover Image
Revisiting Dynamic Duopoly with Consumer Switching Costs
Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1993
The degree of collusiveness of a market with consumer switching costs is studied in an infinite-horizon overlapping-generations model of duopolistic competition. In contrast to previous models of switching costs, this paper assumes that firms compete for the demand for a homogeneous good by...
Persistent link: https://www.econbiz.de/10005788939