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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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| Опубліковано в:: | MAGKS - Joint Discussion Paper Series in Economics (Band 43-2013) |
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| Автор: | |
| Формат: | Стаття |
| Мова: | Англійська |
| Опубліковано: |
Philipps-Universität Marburg
2013
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| Предмети: | |
| Онлайн доступ: | PDF-повний текст |
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MAGKS - Joint Discussion Paper Series in Economics