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Title: The strategic benefit from advance production
Authors: Poddar, S. 
Sasaki, D.
Keywords: Inventory
Storage cost
Strategic substitution
Time preferences
Issue Date: 2002
Citation: Poddar, S.,Sasaki, D. (2002). The strategic benefit from advance production. European Journal of Political Economy 18 (3) : 579-595. ScholarBank@NUS Repository.
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
ISSN: 01762680
DOI: 10.1016/S0176-2680(02)00107-6
Appears in Collections:Staff Publications

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