Name
Title | ||
|---|---|---|
Capacity investment choices under cost heterogeneity and output flexibility in oligopoly |
Abstract | ||
|---|---|---|
•The firm invests in larger capacity when the economic environment is more uncertain.•A lower-cost firm invests in larger capacity, while a less efficient rival chooses lower capacity.•Higher uncertainty leads to more dispersion of equilibrium capacities and greater industry concentration.•More competition thus induces a welfare loss when uncertainty and cost heterogeneity are high. |
Year | DOI | Venue |
|---|---|---|
2021 | 10.1016/j.ejor.2020.08.046 | European Journal of Operational Research |
Keywords | DocType | Volume |
Investment analysis,Real options,Capacity choices,Output flexibility,Firm asymmetry, | Journal | 290 |
Issue | ISSN | Citations |
3 | 0377-2217 | 0 |
PageRank | References | Authors |
0.34 | 0 | 4 |
Name | Order | Citations | PageRank |
|---|---|---|---|
| Benoît Chevalier-Roignant | 1 | 0 | 0.34 |
| Christoph M. Flath | 2 | 94 | 15.91 |
| Peter M. Kort | 3 | 205 | 44.47 |
| Lenos Trigeorgis | 4 | 50 | 5.62 |