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Cartel Formation With Endogenous Capacity and Demand Uncertainty
This article analyzes the strategic decisions of firms whether to establish and adhere to a cartel when they can also shape competition by investing into production capacity while being subject to unexpected demand shocks with persistence. The model shows that a negative demand shock can facilitate...
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| Publicat a: | MAGKS - Joint Discussion Paper Series in Economics (Band 43-2013) |
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| Autor principal: | |
| Format: | Article |
| Idioma: | anglès |
| Publicat: |
Philipps-Universität Marburg
2013
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| Matèries: | |
| Accés en línia: | PDF a text complet |
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MAGKS - Joint Discussion Paper Series in Economics