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Mitraille, Sébastien
and Moreaux, Michel
(2012)
Inventories and Endogenous Stackelberg Leadership in Two-period Cournot Oligopoly.
TSE Working Paper, n. 12-322, Toulouse
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Abstract
Two-period Cournot competition between n identical firms producing at constant marginal cost and able to store before selling has pure strategy Nash-perfect equilibria, in which some firms store to exert endogenously a leadership over rivals. The number of firms storing balances market share gains, obtained by accumulating early the output, with losses in margin resulting from increased sales and higher operation costs. This number and the industry inventories are non monotonic in n. Concentration (HHI) and aggregate sales increase due to the strategic use of inventories.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | February 2012 |
| Place of Publication: | Toulouse |
| JEL Classification: | D43 - Oligopoly and Other Forms of Market Imperfection L13 - Oligopoly and Other Imperfect Markets |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse 1 Capitole |
| Site: | UT1 |
| Date Deposited: | 09 Jul 2014 17:27 |
| Last Modified: | 02 Apr 2021 15:47 |
| OAI Identifier: | oai:tse-fr.eu:26045 |
| URI: | https://publications.ut-capitole.fr/id/eprint/15348 |
