Reference : The Effects of Market Structure on Industry Growth
Reports : External report
Business & economic sciences : Microeconomics
http://hdl.handle.net/10993/12207
The Effects of Market Structure on Industry Growth
English
Koulovatianos, Christos mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Mirman, Leonard J. [> >]
2003
University of Cyprus Department of Economics
7-2003
[en] Cournot competition; oligopolistic non-cooperative dynamic games
[en] We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations, to show the effect of key ingredients of dynamic competition on firm strategies and industry dynamics in addition to the usual static interaction. These effects are the static market externality (implicit in the static Cournot Equilibrium) as well as the dynamic market externality due to the effect on the market outputs of a capital stock and a dynamic externality that stems from the competition between firms for the capital stock. These strategic elements justify our conclusions, based on the study of four market structures, for the link between industrial organization and industry growth.
http://hdl.handle.net/10993/12207
http://ideas.repec.org/p/ucy/cypeua/7-2003.html
University of Cyprus Working Papers in Economics

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