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Cost uncertainty in an oligopoly with endogenous entry
De Pinto, Marco; Goerke, Laszlo - 2021
How does cost uncertainty affect the welfare consequences of an oligopoly? To answer this question, we investigate a … Cournot oligopoly in which firms produce a homogeneous commodity and market entry is feasible. Marginal costs are unknown ex …-up. Furthermore, the welfare loss due to oligopoly tends to increase with uncertainty. …
Persistent link: https://www.econbiz.de/10012620737
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Sunk costs and risk-based barriers to entry
Pindyck, Robert S. - 2009
Persistent link: https://www.econbiz.de/10003820980
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Sunk costs and risk-based barriers to entry
Pindyck, Robert S. - 2009 - This draft: Feb. 13, 2009
In merger analysis and other antitrust settings, risk is often cited as a potential barrier to entry. But there is little consensus as to the kinds of risk that matter- systematic versus non-systematic and industry-wide versus firm-specific - and the mechanisms through which they affect entry. I...
Persistent link: https://www.econbiz.de/10003948288
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Uncertainty, investment, and industry evolution
Caballero, Ricardo J. - In: International economic review 37 (1996) 3, pp. 641-662
Persistent link: https://www.econbiz.de/10001204265
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Technology uncertainty, sunk costs, and industry shakeout
Cabral, Luís M. B. - In: Industrial and corporate change 21 (2012) 3, pp. 539-552
Persistent link: https://www.econbiz.de/10010218711
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The Oligopoly Lucas Tree : Consumption Risk and Industry-Level Risk Exposure
Dou, Winston - 2020
We analyze the quantitative asset-pricing implications of peers' strategic rivalry by embedding oligopolistic competition within an endowment economy. Rivalry intensity increases endogenously as the discount rate rises or expected growth declines, because peers care less about future...
Persistent link: https://www.econbiz.de/10012833606
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Uncertainty and Risk-aversion in a Dynamic Oligopoly with Sticky Prices
Valentini, Edilio - 2019
oligopoly characterized by a homogeneous non-storable good, sticky prices and uncertainty. Our model nests the classical dynamic … oligopoly model with sticky prices by Fershtman and Kamien (Fershtman and Kamien, 1987), which can be viewed as the continuous …
Persistent link: https://www.econbiz.de/10012889402
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Internet Appendix for 'The Oligopoly Lucas Tree : Consumption Risk and Industry-Level Risk Exposure'
Dou, Winston - 2020
This is the supplemental material to the paper titled "The Oligopoly Lucas Tree: Consumption Risk and Industry …
Persistent link: https://www.econbiz.de/10012825870
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Rivalry and Uncertainty in Complementary Investments with Dynamic Market Sharing
Azevedo, Alcino - 2015
We study the combined effects of revenue and cost uncertainty as well competition on the timing optimization of investments in complementarity inputs for duopoly markets where either spillover-knowledge is allowed or where proprietary-knowledge holds. For some input-sequencing investment...
Persistent link: https://www.econbiz.de/10013026054
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Uncertainty and risk-aversion in a dynamic oligopoly with sticky prices
Valentini, Edilio; Vitale, Paolo - 2019
oligopoly characterized by a homogeneous non-storable good, sticky prices and uncertainty. Our model nests the classical dynamic … oligopoly model with sticky prices by Fershtman and Kamien (Fershtman and Kamien, 1987), which can be viewed as the continuous …
Persistent link: https://www.econbiz.de/10011980689