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|Title:||The strategic benefit from advance production|
|Authors:||Poddar, S. |
|Source:||Poddar, S.,Sasaki, D. (2002). The strategic benefit from advance production. European Journal of Political Economy 18 (3) : 579-595. ScholarBank@NUS Repository. https://doi.org/10.1016/S0176-2680(02)00107-6|
|Abstract:||Advance production is a means of quantity commitment. Therefore, an oligopolist, unlike a monopolist, may have an incentive to invest in advance production in order to pre-empt opponent(s) even when [i] the investment is technologically more costly than on-spot production, and [ii] the investment does not give the firm Stackelberg leadership in the subsequent marketing stage. We show that some but not all firms may engage in advance production, whether the firms are a priori symmetric or not. © 2002 Elsevier Science B.V. All rights reserved.|
|Source Title:||European Journal of Political Economy|
|Appears in Collections:||Staff Publications|
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