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...
Kaydedildi:
Yayımlandı: | MAGKS - Joint Discussion Paper Series in Economics (Band 43-2013) |
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Yazar: | |
Materyal Türü: | Makale |
Dil: | İngilizce |
Baskı/Yayın Bilgisi: |
Philipps-Universität Marburg
2013
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Konular: | |
Online Erişim: | PDF Tam Metin |
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