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The Effects of Market Structure on Industry Growth: Rivalrous Non-excludable Capital
Koulovatianos, Christos; Mirman, Leonard J.
2005
 

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Abstract :
[en] We analyze imperfect competition in dynamic environments where firms use rivalrous but nonexcludable industry-specific capital that is provided exogenously. Capital depreciation depends on utilization, so firms influence the evolution of the capital equipment through more or less intensive supply in the final-goods market. Strategic incentives stem from, (i) a dynamic externality, arising due to the non-excludability of the capital stock, leading firms to compete for its use (rivalry), and, (ii) a market externality, leading to the classic Cournot-type supply competition. Comparing alternative market structures, we isolate the effect of these externalities on strategies and industry growth.
Disciplines :
Microeconomics
Author, co-author :
Koulovatianos, Christos  ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
Mirman, Leonard J.
Language :
English
Title :
The Effects of Market Structure on Industry Growth: Rivalrous Non-excludable Capital
Publication date :
2005
Publisher :
University of Vienna, Department of Economics
Report number :
0501
Commentary :
Vienna Economics Papers
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since 27 November 2013

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