| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10009 |
| DP10009 Industry structure and pricing over the business cycle | |
| Konrad O Stahl; Yossi Spiegel | |
| 发表日期 | 2014-06-01 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the entrant is the first mover, and capacity utilization can be either pro- or countercyclical if the incumbent is the first mover. Moreover, our results show that entry deterrence by the incumbent firm can either amplify or dampen the effect of demand fluctuations on prices, price-cost margins, and capacity utilization. |
| 主题 | International Macroeconomics ; Industrial Organization |
| 关键词 | Business cycle Entry Entry deterrence Price competition |
| URL | https://cepr.org/publications/dp10009 |
| 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/538838 |
| 推荐引用方式 GB/T 7714 | Konrad O Stahl,Yossi Spiegel. DP10009 Industry structure and pricing over the business cycle. 2014. |
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