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	Provedor de dados 31 (1) Autor Ma, Tay-Cheng (1) Palavra-chave Collusion (1) Conjectural variation (1) L13 (1) Strategic investment (1) Two-stage game (1) Tipo do documento Journal Article (1) Ano 2005 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Strategic Investment and Excess Capacity: A Study of the Taiwanese Flour Industry 31 Ma, Tay-Cheng. The Taiwanese flour industry’s capacity utilization rate has maintained an extremely low level of 40% for more than 20 years. This article sets up a two-stage game model and uses the strategic effect of the firm’s capital investment on its rivals’ outputs to explain the nature of this excess capacity. The model is tested with panel data from the Taiwanese flour industry by using non-linear three-stage least squares. The evidences indicate that a large capacity built in the past could have been used strategically to reduce other firms’ outputs, in the context of a concerted action among the incumbent firms. Tipo: Journal Article Palavras-chave: Strategic investment; Two-stage game; Collusion; Conjectural variation; L13. Ano: 2005 URL: http://purl.umn.edu/37516 Registros recuperados: 1 Primeira ... 1 ... Última

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