ADVANCE PRODUCTION, INVENTORIES, AND MARKET POWER: AN EXPERIMENTAL INVESTIGATION

被引：5

作者：

Davis, Douglas D. ^{[1
]}

机构：

[1] Virginia Commonwealth Univ, Richmond, VA 23284 USA

来源：

ECONOMIC INQUIRY | 2013年 / 51卷 / 01期

基金：

美国国家科学基金会;

关键词：

POSTED-OFFER MARKETS; AUCTION MARKETS; ASSET MARKETS; COMPETITION; MONOPOLY; PRICE; EXPECTATIONS; SPECULATION; OUTCOMES; MODEL;

D O I：

10.1111/j.1465-7295.2011.00388.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We report an experiment that assesses the effects of alterations in production conditions and product durability on market power in Bertrand-Edgeworth duopolies. Static equilibrium analysis predicts that advance (rather than to demand) production raises prices, but does not affect profits. The further addition of a simple inventory option causes prices to fall and seller earnings to increase. Contrary to these predictions, we observe similar prices in baseline and advance production treatments, but lower profits given advance production. An inventory option reduces both prices and earnings. Results are driven by the treatments' effects on sellers' capacities to tacitly collude. (JEL C9, D4, L4)

引用

页码：941 / 958

页数：18

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