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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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| Gepubliceerd in: | MAGKS - Joint Discussion Paper Series in Economics (Band 43-2013) |
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| Hoofdauteur: | |
| Formaat: | Artikel |
| Taal: | Engels |
| Gepubliceerd in: |
Philipps-Universität Marburg
2013
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| Onderwerpen: | |
| Online toegang: | PDF Full text |
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MAGKS - Joint Discussion Paper Series in Economics