| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22289 |
| 来源ID | Working Paper 22289 |
| The Economics of \"Radiator Springs:\" Industry Dynamics, Sunk Costs, and Spatial Demand Shifts | |
| Jeffrey R. Campbell; Thomas Hubbard | |
| 发表日期 | 2016-05-30 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Interstate Highway openings were permanent, anticipated demand shocks that increased gasoline demand and sometimes shifted it spatially. We investigate supply responses to these demand shocks, using county-level observations of service station counts and employment and data on highway openings' timing and locations. When the new highway was close to the old route, average producer size increased, beginning one year before it opened. If instead the interstate substantially displaced traffic, the number of producers increased, beginning only after it opened. These dynamics are consistent with Hotelling-style oligopolistic competition with free entry and sunk costs and inconsistent with textbook perfect competition. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Firm Behavior ; Industry Studies |
| URL | https://www.nber.org/papers/w22289 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579962 |
| 推荐引用方式 GB/T 7714 | Jeffrey R. Campbell,Thomas Hubbard. The Economics of \"Radiator Springs:\" Industry Dynamics, Sunk Costs, and Spatial Demand Shifts. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22289.pdf（588KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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