Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some … implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … this sector have the ability to deliver cement either from domestic plants or from imports. Since cement is costly to …

Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some … implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … this sector have the ability to deliver cement either from domestic plants or from imports. Since cement is costly to …

Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some … implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … this sector have the ability to deliver cement either from domestic plants or from imports. Since cement is costly to …

distant customers that are closer to plants of competitors. By means of a rich micro-level data set of the cement industry in … as the number of production plants and demand, we find that the transport distances between suppliers and customers were …

demand, or the lumpiness of investment. This paper identifies capacity investment intended to deter rivals separately from … dynamic game of investment. I apply my model to the United States portland cement industry from 1949 to 1969, a period over … investment driven by other factors. To achieve this goal, I estimate a new model of spatial price competition and embed it in a …

distant customers that are closer to plants of competitors. By means of a rich micro-level data set of the cement industry in … as the number of production plants and demand, we find that the transport distances between suppliers and customers were …

of overcapacity, but not if they coordinate their sales. Using a rich micro-level data set of the cement industry in …