IDEAS home Printed from https://ideas.repec.org/p/syd/wpaper/2123-7597.html
   My bibliography  Save this paper

Strategic Investment, Competition and the Independence Result

Author

Listed:
  • Ziss, Steffen

Abstract

The provision of capital in oligopoly is considered within the context of a two-stage capital then price or output game in which firms have non-zero conjectural variations in both stages. Capital is defined as any variable which affects demand or marginal cost. We demonstrate that there exist certain types of capital for which the strategic effect, which distinguishes two-stage models, can be signed independent of the level of competition in either stage. In addition we examine the role played by inconsistent second stage conjectures and distinct levels of competition across stages in determining the sign of the strategic effect.

Suggested Citation

  • Ziss, Steffen, 1990. "Strategic Investment, Competition and the Independence Result," Working Papers 137, University of Sydney, School of Economics.
    • Handle: RePEc:syd:wpaper:2123/7597
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/2123/7597
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    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:syd:wpaper:2123/7597. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Vanessa Holcombe (email available below). General contact details of provider: https://edirc.repec.org/data/deusyau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.