Capacity Expansion and Probabilistic Growth
نویسندگان
چکیده
منابع مشابه
Equilibrium Capacity Expansion Under Stochastic Demand Growth
In critical energy infrastructure sectors (e.g. electric power generation, natural gas transportation, oil refining capacity) maintaining certain level of excess capacity is socially valuable (as it serves to protect against unexpected market conditions) but not necessarily compatible with the incentives for individual firms in the market. In this paper, we develop a dynamic oligopoly model wit...
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ژورنال
عنوان ژورنال: Econometrica
سال: 1961
ISSN: 0012-9682
DOI: 10.2307/1911809