Showing 1 - 10 of 712
This paper examines how time to build alters strategic investment behaviour under oligopoly. Facing demand uncertainty, firms decide whether to invest early or wait until uncertainty has been resolved. A game that captures time-to-build investment is contrasted with another one in which...
Persistent link: https://www.econbiz.de/10010293784
This paper examines how time to build alters strategic investment behaviour under oligopoly. Facing demand uncertainty, firms decide whether to invest early or wait until uncertainty has been resolved. A game that captures time-to-build investment is contrasted with another one in which...
Persistent link: https://www.econbiz.de/10005490144
This paper examines the trade-off between strategic investment commitment and flexibility under oligopoly. Facing demand uncertainty, firms decide whether to commit to investment early or wait until the uncertainty as been resolved. Two endogenous timing games are considered which differ in...
Persistent link: https://www.econbiz.de/10005656609
We construct a model in which oligopolistic firms decide where to locate. Firms choose to locate either in a country where employment protection implies costly output adjustments or in one without adjustment costs. Using a two-period three-stage game with uncertainty it is demonstrated that...
Persistent link: https://www.econbiz.de/10005656694
We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive...
Persistent link: https://www.econbiz.de/10014053130
We construct a model in which oligopolistic firms decide where to locate. Firms choose to locate either in a country where employment protection implies costly output adjustments or in one without adjustment costs. Using a two-period three-stage game with uncertainty it is demonstrated that...
Persistent link: https://www.econbiz.de/10014084863
Industrial Organization, die davon ausgehen, dass bei zunehmender Komplexität der Märkte die Konsumenten ihren Blick selektiv auf …
Persistent link: https://www.econbiz.de/10010188722
attention to reputation for quality. This provides empirical support to recent models in behavioral industrial organization that …
Persistent link: https://www.econbiz.de/10010498486
Under which circumstances do oligopolists have an incentive to share private information about a stochastic demand or stochastic costs? We present a general model which includes virtually all models of the existing literature on information sharing as special cases. The analysis reveals that in...
Persistent link: https://www.econbiz.de/10012771171
I study Cournot competition under incomplete information about demand while assuming that market price must be non-negative for all demand realizations. Although this assumption is very natural, it has only rarely been made in the earlier literature. Yet it has important economic consequences:...
Persistent link: https://www.econbiz.de/10014086356