| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1210 |
| DP1210 An Essay on the Emergence of the International Gold Standard, 1870-80 | |
| Marc Flandreau | |
| 发表日期 | 1995-07-31 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | This paper examines how firms interact with their rivals. The main novelty of our approach is that we let conjectural variations depend on the actual ability of other firms to react, which we measure by both the physical capacity and financial status of firms. Our main findings are threefold. First, in general, spare physical capacity leads rival firms to conjecture more aggressive behaviour. Second, financial variables have a complex effect on conjectures. We interpret this as due to signalling effects being more important in some industries, and financial distress in others. Third, leader-follower interactions appear to be relevant in all of the industries considered. |
| 主题 | Industrial Organization |
| 关键词 | Conjectural variations Oligopolies Panel data |
| URL | https://cepr.org/publications/dp1210 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530347 |
| 推荐引用方式 GB/T 7714 | Marc Flandreau. DP1210 An Essay on the Emergence of the International Gold Standard, 1870-80. 1995. |
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