the effect of salvage market on strategic technology choice and capacity investment decision of firm under demand uncertainty

نویسندگان

mohammad ali kashefi

چکیده

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منابع مشابه

Strategic Technology Choice and Capacity Investment Under Demand Uncertainty

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We analyze a market game where firms choose capacities under uncertainty about future market conditions and make output choices after uncertainty has unraveled. We show existence and uniqueness of equilibrium under imperfect competition and establish that capacity choices by strategic firms are generally too low from a welfare point of view. We also demonstrate that strategic firms choose even ...

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Strategic Capacity Investment Under Uncertainty

Contrary to most of the papers in the literature of investment under uncertainty we study models that not only capture the timing, but also the size of the investment. We consider a monopoly setting as well as a duopoly setting and compare the results with the standard models in which the firms do not have the capacity choice. Our main results are the following. First, for low uncertainty value...

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عنوان ژورنال:
iranian economic review

ناشر: university of tehran

ISSN 1026-6542

دوره 17

شماره 1 2011

کلمات کلیدی

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