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Uncertainty and Entry Deterrence
Maskin, Eric - 2010
We study a model where capacity installation by an incumbent firm serves to deter others from entering the industry. We argue that uncertainty about demand or costs forces the incumbent to choose a higher capacity level than it would under certainty. This higher level diminishes the...
Persistent link: https://www.econbiz.de/10014184260
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Competition, Risk and Managerial Incentives
Raith, Michael - 2001
This paper examines how the degree of competition among firms in an industry affects the optimal incentives that firms … changes in the nature of competition lead to changes in the equilibrium market structure. The main result is that as the … intensity of product market competition increases, principals unambiguously provide stronger incentives to their agents to …
Persistent link: https://www.econbiz.de/10014035986
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Pricing as a risky choice : uncertainty and survival in a monopoly market
Anderson, P. G.; Vetter, Henrik - 2015
Roy (Safety First and the Holding of Assets, 1952) argues that decisions under uncertainty motivate firms to avoid bankruptcy. In this paper, the authors ask about the behaviour of a monopolist who pre-commits to price when she has only probabilistic knowledge about demand. They argue that...
Persistent link: https://www.econbiz.de/10011342105
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Pricing as a risky choice : uncertainty and survival in a monopoly market
Andersen, Per; Vetter, Henrik - 2015
Roy (Safety First and the Holding of Assets, 1952) argues that decisions under uncertainty motivate firms to avoid bankruptcy. In this paper the authors ask about the behaviour of a monopolist who pre-commits to price when she has only probabilistic knowledge about demand. They argue that...
Persistent link: https://www.econbiz.de/10011295710
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How economic depreciation shapes the relationship of uncertainty with investments' size & timing
Huberts, Nick; Rossi Silveira, Rafael - 2022
This paper identifies and analyzes the effects of the rate of economic deprecation of capital stock on a monopolist's investment option and capacity decision in a dynamic and uncertain market environment, where continuous economic depreciation cannot be fully offset. We find that the firm's...
Persistent link: https://www.econbiz.de/10013289246
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The choice of prices vs. quantities under uncertainty
Reisinger, Markus; Reßner, Ludwig - 2007 - This Version: May 2007
variable that induces a smaller degree of competition. The reason is that demand uncertainty and the degree of substitutability …
Persistent link: https://www.econbiz.de/10010383028
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Descripción del funcionamiento del sector eléctrico colombiano
Sierra, Santiago Alvarez; Plata, Mery Patricia Tamayo - In: REVISTA ECOS DE ECONOMÍA (2006)
ResumenSe ha considerado el comportamiento del sector eléctrico como un factor de gran trascendencia en desenvolvimiento de la economía de un país. Sin embargo, es notable el desconocimiento de algunas personas no especialistas es esta temática, de los conceptos básicos y de la...
Persistent link: https://www.econbiz.de/10010763219
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Managing technology selection and development risk in competitive environments
Bhaskaran, Sreekumar R.; Ramachandran, Karthik - In: Production and operations management : an international … 20 (2011) 4, pp. 541-555
Persistent link: https://www.econbiz.de/10009272532
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Competition and risk-taking
Gürtler, Oliver; Struth, Lennart; Thon, Max - 2022 - Updated version
potentially leads to a large loss. The current paper studies how such risk-taking behavior depends on the level of competition … that the agents face. We study a tournament model and we find that more intense competition, measured by the number of …
Persistent link: https://www.econbiz.de/10013438624
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Competition and risk-taking
Gürtler, Oliver; Struth, Lennart; Thon, Max - 2022
potentially leads to a large loss. The current paper studies how such risk-taking behavior depends on the level of competition … that the agents face. We study a tournament model and we find that more intense competition, measured by the number of …
Persistent link: https://www.econbiz.de/10013337710