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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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| 發表在: | MAGKS - Joint Discussion Paper Series in Economics (Band 43-2013) |
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| 主要作者: | |
| 格式: | Artikel |
| 語言: | 英语 |
| 出版: |
Philipps-Universität Marburg
2013
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| 主題: | |
| 在線閱讀: | PDF-Volltext |
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MAGKS - Joint Discussion Paper Series in Economics