The Value of Collusion with Endogenous Capacity and Demand Uncertainty
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- David Besanko & Ulrich Doraszelski, 2004.
"Capacity Dynamics and Endogenous Asymmetries in Firm Size,"
RAND Journal of Economics, The RAND Corporation, vol. 35(1), pages 23-49, Spring.
- David Besanko & Ulrich Doraszelski, 2002. "Capacity Dynamics and Endogenous Asymmetries in Firm Size," Computing in Economics and Finance 2002 196, Society for Computational Economics.
- Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
- James W. Friedman, 1971. "A Non-cooperative Equilibrium for Supergames," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(1), pages 1-12.
- Chaim Fershtman & Ariel Pakes, 2000.
"A Dynamic Oligopoly with Collusion and Price Wars,"
RAND Journal of Economics, The RAND Corporation, vol. 31(2), pages 207-236, Summer.
- Fershtman, C. & Pakes, A., 1998. "A Dynamic Oligopoly with Collusion and Price Wars," Papers 26-98, Tel Aviv.
- Fershtman, C. & Pakes, A., 1999. "A Dynamic Oligopoly with Collusion and Price Wars," Other publications TiSEM 267a33b7-1821-400b-8cc1-9, Tilburg University, School of Economics and Management.
- Fershtman, C. & Pakes, A., 1999. "A Dynamic Oligopoly with Collusion and Price Wars," Discussion Paper 1999-48, Tilburg University, Center for Economic Research.
- Chaim Fershtman & Ariel Pakes, 1999. "A Dynamic Oligopoly with Collusion and Price Wars," NBER Working Papers 6936, National Bureau of Economic Research, Inc.
- Dan Kovenock & Raymond J. Deneckere, 1996. "Bertrand-Edgeworth duopoly with unit cost asymmetry (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(1), pages 1-25.
- Ulrich Doraszelski & Sarit Markovich, 2007. "Advertising dynamics and competitive advantage," RAND Journal of Economics, RAND Corporation, vol. 38(3), pages 557-592, September.
- John Haltiwanger & Joseph E. Harrington Jr., 1991. "The Impact of Cyclical Demand Movements on Collusive Behavior," RAND Journal of Economics, The RAND Corporation, vol. 22(1), pages 89-106, Spring.
- de Roos, Nicolas, 2004. "A model of collusion timing," International Journal of Industrial Organization, Elsevier, vol. 22(3), pages 351-387, March.
- Richard Ericson & Ariel Pakes, 1995. "Markov-Perfect Industry Dynamics: A Framework for Empirical Work," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(1), pages 53-82.
- Ariel Pakes & Paul McGuire, 1994.
"Computing Markov-Perfect Nash Equilibria: Numerical Implications of a Dynamic Differentiated Product Model,"
RAND Journal of Economics, The RAND Corporation, vol. 25(4), pages 555-589, Winter.
- Paul McGuire & Ariel Pakes, 1992. "Computing Markov perfect Nash equilibria: numerical implications of a dynamic differentiated product model," Discussion Paper / Institute for Empirical Macroeconomics 58, Federal Reserve Bank of Minneapolis.
- Ariel Pakes & Paul McGuire, 1992. "Computing Markov Perfect Nash Equilibria: Numerical Implications of a Dynamic Differentiated Product Model," NBER Technical Working Papers 0119, National Bureau of Economic Research, Inc.
- Dan Kovenock & Raymond Deneckere & Tom Faith & Beth Allen, 2000.
"Capacity precommitment as a barrier to entry: A Bertrand-Edgeworth approach,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 15(3), pages 501-530.
- Beth Allen & Raymond Deneckere & Tom Faith & Dan Kovenock, 1994. "Capacity Precommitment as a Barrier to Entry:A Bertrand-Edgeworth Approach," Industrial Organization 9411002, University Library of Munich, Germany, revised 14 Nov 1994.
- Beth Allen & Raymond Deneckere & Tom Faith & Dan Kovenock, 1995. "Capacity precommitment as a barrier to entry: a Bertrand-Edgeworth approach," Staff Report 187, Federal Reserve Bank of Minneapolis.
- Allen, B. & Deneckere, R. & Faith, T. & Kovenock, D., 1994. "Capacity Precommitment as a Barrier to Entry: A Bertrand-Edgeworth Approach," Purdue University Economics Working Papers 1062, Purdue University, Department of Economics.
- Allen, B. & Deneckere, R. & Faith, T. & Kovenock, D., 1994. "Capacity Precommitment as a Barrier to Entry: A Bertrand- Engeworth Approach," Papers 9483, Tilburg - Center for Economic Research.
- David Genesove & Wallace P. Mullin, 2001.
"Rules, Communication, and Collusion: Narrative Evidence from the Sugar Institute Case,"
American Economic Review, American Economic Association, vol. 91(3), pages 379-398, June.
- David Genesove & Wallace P. Mullin, 2001. "Rules, Communication and Collusion: Narrative Evidence from the Sugar Institute Case," NBER Working Papers 8145, National Bureau of Economic Research, Inc.
- Genesove, David & Mullin, Wallace P, 2001. "Rules, Communication and Collusion: Narrative Evidence from the Sugar Institute Case," CEPR Discussion Papers 2739, C.E.P.R. Discussion Papers.
- Rotemberg, Julio J & Saloner, Garth, 1986. "A Supergame-Theoretic Model of Price Wars during Booms," American Economic Review, American Economic Association, vol. 76(3), pages 390-407, June.
- Fershtman, Chaim & Gandal, Neil, 1994.
"Disadvantageous semicollusion,"
International Journal of Industrial Organization, Elsevier, vol. 12(2), pages 141-154, June.
- Fershtman, C. & Gandal, N., 1991. "Disadvantageous Semicollusion," Papers 37-91, Tel Aviv.
- Michihiro Kandori, 1991. "Correlated Demand Shocks and Price Wars During Booms," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(1), pages 171-180.
- Green, Edward J & Porter, Robert H, 1984.
"Noncooperative Collusion under Imperfect Price Information,"
Econometrica, Econometric Society, vol. 52(1), pages 87-100, January.
- Green, Edward J. & Porter, Robert H., 1982. "Noncooperative Collusion Under Imperfect Price Information," Working Papers 367, California Institute of Technology, Division of the Humanities and Social Sciences.
- Edward J Green & Robert H Porter, 1997. "Noncooperative Collusion Under Imperfect Price Information," Levine's Working Paper Archive 1147, David K. Levine.
- Compte, Olivier & Jenny, Frederic & Rey, Patrick, 2002. "Capacity constraints, mergers and collusion," European Economic Review, Elsevier, vol. 46(1), pages 1-29, January.
- Steen, Frode & Sorgard, Lars, 1999.
"Semicollusion in the Norwegian cement market,"
European Economic Review, Elsevier, vol. 43(9), pages 1775-1796, October.
- Steen, F & Sorgard, L, 1996. "Semicollusion in the Norwegian Cement Market," Papers 10/96, Norwegian School of Economics and Business Administration-.
- Fabra, Natalia, 2006.
"Collusion with capacity constraints over the business cycle,"
International Journal of Industrial Organization, Elsevier, vol. 24(1), pages 69-81, January.
- Natalia Fabra, 2003. "Collusion with Capacity Constraints over the Business Cycle," Industrial Organization 0308001, University Library of Munich, Germany.
- Fabra, Natlia, 2003. "Collusion with Capacity Constraints over the Business Cycle," Department of Economics, Working Paper Series qt1cv2d2ww, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Knittel, Christopher R. & Lepore, Jason J., 2010.
"Tacit collusion in the presence of cyclical demand and endogenous capacity levels,"
International Journal of Industrial Organization, Elsevier, vol. 28(2), pages 131-144, March.
- Christopher R. Knittel & Jason J. Lepore, 2006. "Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels," NBER Working Papers 12635, National Bureau of Economic Research, Inc.
- Christopher Knittel & Jason Lepore, 2006. "Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels," Working Papers 98, University of California, Davis, Department of Economics.
- David Besanko & Ulrich Doraszelski & Lauren Xiaoyuan Lu & Mark Satterthwaite, 2010. "Lumpy Capacity Investment and Disinvestment Dynamics," Operations Research, INFORMS, vol. 58(4-part-2), pages 1178-1193, August.
- Chen, Jiawei, 2009.
"The effects of mergers with dynamic capacity accumulation,"
International Journal of Industrial Organization, Elsevier, vol. 27(1), pages 92-109, January.
- Jiawei Chen, 2006. "The Effects of Mergers with Dynamic Capacity Accumulation," Working Papers 060701, University of California-Irvine, Department of Economics.
- Davidson, Carl & Deneckere, Raymond J, 1990.
"Excess Capacity and Collusion,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(3), pages 521-541, August.
- Carl Davidson & Raymond Deneckere, 1984. "Excess Capacity and Collusion," Discussion Papers 675, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Kydland, Finn E & Prescott, Edward C, 1982.
"Time to Build and Aggregate Fluctuations,"
Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
- Finn E. Kydland & Edward C. Prescott, 1982. "Executable program for "Time to Build and Aggregate Fluctuations"," QM&RBC Codes 4, Quantitative Macroeconomics & Real Business Cycles.
- Finn E. Kydland & Edward C. Prescott, 1982. "Web interface for "Time to Build and Aggregate Fluctuations"," QM&RBC Codes 4a, Quantitative Macroeconomics & Real Business Cycles.
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
- Robert W. Staiger & Frank A. Wolak, 1992. "Collusive Pricing with Capacity Constraints in the Presence of Demand Uncertainty," RAND Journal of Economics, The RAND Corporation, vol. 23(2), pages 203-220, Summer.
- Besanko, David & Doraszelski, Ulrich & Lu, Lauren Xiaoyuan & Satterthwaite, Mark, 2010. "On the role of demand and strategic uncertainty in capacity investment and disinvestment dynamics," International Journal of Industrial Organization, Elsevier, vol. 28(4), pages 383-389, July.
- Maggi, Giovanni, 1996. "Strategic Trade Policies with Endogenous Mode of Competition," American Economic Review, American Economic Association, vol. 86(1), pages 237-258, March.
- David M. Kreps & Jose A. Scheinkman, 1983. "Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes," Bell Journal of Economics, The RAND Corporation, vol. 14(2), pages 326-337, Autumn.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lenhard, Severin, 2022. "Imperfect Competition with Costly Disposal," VfS Annual Conference 2022 (Basel): Big Data in Economics 264038, Verein für Socialpolitik / German Economic Association.
- Lenhard, Severin, 2022. "Imperfect competition with costly disposal," International Journal of Industrial Organization, Elsevier, vol. 82(C).
- Fagart, Thomas, 2022. "Collusion in capacity under irreversible investment," International Journal of Industrial Organization, Elsevier, vol. 81(C).
- Carmen García & Joan Ramon Borrell & José Manuel Ordóñez-de-Haro & Juan Luis Jiménez, 2022. "Managers’ expectations, business cycles and cartels’ life cycle," European Journal of Law and Economics, Springer, vol. 53(3), pages 451-484, June.
- Severin Lenhard, 2021. "Imperfect Competition with Costly Disposal," Diskussionsschriften dp2105, Universitaet Bern, Departement Volkswirtschaft.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Chaim Fershtman & Ariel Pakes, 2000.
"A Dynamic Oligopoly with Collusion and Price Wars,"
RAND Journal of Economics, The RAND Corporation, vol. 31(2), pages 207-236, Summer.
- Fershtman, C. & Pakes, A., 1998. "A Dynamic Oligopoly with Collusion and Price Wars," Papers 26-98, Tel Aviv.
- Chaim Fershtman & Ariel Pakes, 1999. "A Dynamic Oligopoly with Collusion and Price Wars," NBER Working Papers 6936, National Bureau of Economic Research, Inc.
- Fershtman, C. & Pakes, A., 1999. "A Dynamic Oligopoly with Collusion and Price Wars," Discussion Paper 1999-48, Tilburg University, Center for Economic Research.
- Fershtman, C. & Pakes, A., 1999. "A Dynamic Oligopoly with Collusion and Price Wars," Other publications TiSEM 267a33b7-1821-400b-8cc1-9, Tilburg University, School of Economics and Management.
- Knittel, Christopher R. & Lepore, Jason J., 2010.
"Tacit collusion in the presence of cyclical demand and endogenous capacity levels,"
International Journal of Industrial Organization, Elsevier, vol. 28(2), pages 131-144, March.
- Christopher R. Knittel & Jason J. Lepore, 2006. "Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels," NBER Working Papers 12635, National Bureau of Economic Research, Inc.
- Christopher Knittel & Jason Lepore, 2006. "Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels," Working Papers 98, University of California, Davis, Department of Economics.
- David Besanko & Ulrich Doraszelski & Lauren Xiaoyuan Lu & Mark Satterthwaite, 2010. "Lumpy Capacity Investment and Disinvestment Dynamics," Operations Research, INFORMS, vol. 58(4-part-2), pages 1178-1193, August.
- Switgard Feuerstein, 2005. "Collusion in Industrial Economics—A Survey," Journal of Industry, Competition and Trade, Springer, vol. 5(3), pages 163-198, December.
- Carmen García & Joan Ramon Borrell & José Manuel Ordóñez-de-Haro & Juan Luis Jiménez, 2022. "Managers’ expectations, business cycles and cartels’ life cycle," European Journal of Law and Economics, Springer, vol. 53(3), pages 451-484, June.
- Dou, Winston Wei & Ji, Yan & Wu, Wei, 2021. "Competition, profitability, and discount rates," Journal of Financial Economics, Elsevier, vol. 140(2), pages 582-620.
- Wilson, Nathan E., 2012. "Uncertain regulatory timing and market dynamics," International Journal of Industrial Organization, Elsevier, vol. 30(1), pages 102-115.
- Ulrich Doraszelski & Mark Satterthwaite & Lauren Xiaoyuan Lu & David Besanko, 2009. "Lumpy Capacity Investment and Disinvestment Dynamics," 2009 Meeting Papers 106, Society for Economic Dynamics.
- Knittel, Christopher R. & Lepore, Jason J., 2010.
"Tacit collusion in the presence of cyclical demand and endogenous capacity levels,"
International Journal of Industrial Organization,
Elsevier, vol. 28(2), pages 131-144, March.
- Christopher R. Knittel & Jason J. Lepore, 2006. "Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels," NBER Working Papers 12635, National Bureau of Economic Research, Inc.
- Christopher Knittel & Jason Lepore, 2006. "Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels," Working Papers 631, University of California, Davis, Department of Economics.
- Besanko, David & Doraszelski, Ulrich & Satterthwaite, Mark & Lu, Lauren Xiaoyuan, 2008. "Lumpy Capacity Investment and Disinvestment Dynamics," CEPR Discussion Papers 6788, C.E.P.R. Discussion Papers.
- Panayiotis Agisilaou, 2013. "Collusion in Industrial Economics and Optimally Designed Leniency Programmes - A Survey," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2013-03, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Joseph E. Harrington, Jr, 2005. "Detecting Cartels," Economics Working Paper Archive 526, The Johns Hopkins University,Department of Economics.
- Pedro Dal Bó, 2007.
"Tacit collusion under interest rate fluctuations,"
RAND Journal of Economics, RAND Corporation, vol. 38(2), pages 533-540, June.
- Pedro Dal Bó, 2001. "Tacit Collusion under Interest Rate Fluctuations," Theory workshop papers 357966000000000030, UCLA Department of Economics.
- Pedro Dal BÛ, 2002. "Tacit Collusion Under Intrest Rate Fluctuations," Working Papers 2002-21, Brown University, Department of Economics.
- Fabra, Natalia, 2006.
"Collusion with capacity constraints over the business cycle,"
International Journal of Industrial Organization, Elsevier, vol. 24(1), pages 69-81, January.
- Fabra, Natlia, 2003. "Collusion with Capacity Constraints over the Business Cycle," Department of Economics, Working Paper Series qt1cv2d2ww, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Natalia Fabra, 2003. "Collusion with Capacity Constraints over the Business Cycle," Industrial Organization 0308001, University Library of Munich, Germany.
- Heikki Peura & Derek W. Bunn, 2015. "Dynamic Pricing of Peak Production," Operations Research, INFORMS, vol. 63(6), pages 1262-1279, December.
- Doraszelski, Ulrich & Escobar, Juan F., 2019.
"Protocol invariance and the timing of decisions in dynamic games,"
Theoretical Economics, Econometric Society, vol. 14(2), May.
- Doraszelski, Ulrich & Escobar, Juan, 2016. "Protocol Invariance and the Timing of Decisions in Dynamic Games," CEPR Discussion Papers 11447, C.E.P.R. Discussion Papers.
- Dan Bernhardt & Mahdi Rastad, 2016. "Collusion Under Risk Aversion and Fixed Costs," Journal of Industrial Economics, Wiley Blackwell, vol. 64(4), pages 808-834, December.
- de Roos, Nicolas, 2004. "A model of collusion timing," International Journal of Industrial Organization, Elsevier, vol. 22(3), pages 351-387, March.
- Swoboda, Sandra Maria, 2017. "Einfluss ausgewählter Determinanten auf die Kartellbildung und -stabilität: Eine Literaturstudie," Arbeitspapiere 176, University of Münster, Institute for Cooperatives.
- Chen, Jiawei, 2009.
"The effects of mergers with dynamic capacity accumulation,"
International Journal of Industrial Organization, Elsevier, vol. 27(1), pages 92-109, January.
- Jiawei Chen, 2006. "The Effects of Mergers with Dynamic Capacity Accumulation," Working Papers 060701, University of California-Irvine, Department of Economics.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jindec:v:65:y:2017:i:3:p:623-653. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.