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Strategic Inventories in Two-period Oligopoly.
Mollgaard, H.P.; Poddar, S.; Sasaki, D. - Business School, University of Exeter - 2000
A general model of two-period duopoly is set up to show how inventories can serve a strategic purpose, enabling the … firm to commit to raise its latter-period output. The strategic effect of inventories depends on the convexity of the cost … broadly known as the conjectural variation parameter. A closed form of the strategic inventories is then established for a …
Persistent link: https://www.econbiz.de/10008852268
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Speculative storage in imperfectly competitive markets
Mitraille, Sébastien; Thille, Henry - In: International Journal of Industrial Organization 35 (2014) C, pp. 44-59
the commodity and then subsequently compete with producers when selling their stocks, resulting in two opposing incentives …
Persistent link: https://www.econbiz.de/10010906761
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Pricing, Investments and Mergers with Intertemporal Capacity Constraints
Christou, Charalambos; Kotseva, Rossitsa; Vettas, Nikolaos - 2009
We set up a duopoly model with dynamic capacity constraints under demand uncertainty. We endogenize the investment decisions of the ?rms, examine their intertemporal pricing behavior, their incentives to merge, as well as the welfare implications of a merger. Whereas under known and constant...
Persistent link: https://www.econbiz.de/10005518404
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Pricing, Investments and Mergers with Intertemporal Capacity Constraints
Christou, Charalambos; Kotseva, Rossitsa; Vettas, Nikolaos - C.E.P.R. Discussion Papers - 2007
We set up a duopoly model with dynamic capacity constraints under demand uncertainty. We endogenize the investment decisions of the firms, examine their intertemporal pricing behavior, their incentives to merge, as well as the welfare implications of a merger. Whereas under known and constant...
Persistent link: https://www.econbiz.de/10005661999
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Endogenous Co-Leadership When Demand Is Unknown.
Hirokawa, M.; Sasaki, D. - Department of Economics, Faculty of Business and Economics - 1998
Consider an oligopolistic industry where demand uncertainty resolves after at least one firm has engaged in production. Those firms who produce first behave as simultaneous leaders (co-leaders), whilst those who produce after demand becomes observable will be followers. Each follower simply...
Persistent link: https://www.econbiz.de/10005578905
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Industry Dynamics: Foundations For Models with an Infinite Number of Firms
Weintraub, Gabriel Y.; Benkard, C. Lanier; Roy, Benjamin Van - National Bureau of Economic Research (NBER) - 2010
This paper explores the connection between three important threads of economic research offering different approaches to studying the dynamics of an industry with heterogeneous firms. Finite models of the form pioneered by Ericson and Pakes (1995) capture the dynamics of a finite number of...
Persistent link: https://www.econbiz.de/10008531875
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Advance Production, Inventory, and Asymmetric Cournot-Nash Equilibrium
Poddar, Sougata; Sasaki, Dan - Centre for Industrial Economics (CIE), Økonomisk Institut - 1997
Advance production serves as a means of quantity commitment. Therefore, a quantity-competing firm may have an incentive to invest in advance production in order to pre-empt its opponent(s), even when [i] it is technologically more costly than on-spot production, and [ii] it does not entitle the...
Persistent link: https://www.econbiz.de/10005749403
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Strategic Advance Production
Poddar, Sougata; Sasaki, Dan - Business School, University of Exeter - 2001
Advance production serves as a means of quantity commitment. Therefore an oligopolist, unlike a monopolist, may have an incentive to invest in advance production in order to pre-empt its opponent(s) even when [i] it is technologically more costly than on-spot production, and [ii] it does not...
Persistent link: https://www.econbiz.de/10008852343
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The dynamic relations in the US crude oil market
Bai, Shuming - In: International journal of services and standards 9 (2014) 2/4, pp. 103-115
Persistent link: https://www.econbiz.de/10011347658
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Non-ferrous metal inventories and the London metal exchange : a commentary
Crowson, Phillip - In: Mineral economics : raw materials report 37 (2024) 2, pp. 343-357
Persistent link: https://www.econbiz.de/10015057037