Title of article
Disincentives for cost-reducing investment
Author/Authors
Charles J. Thomas، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
5
From page
359
To page
363
Abstract
Interpreting a result from asymmetric auctions suggests that price-setting firms may have no incentive to adopt technologies that likely reduce their production costs. This “puppy dog” behavior relies on incomplete information about rivalsʹ costs at the price-setting stage.
Keywords
Asymmetric auction , Strategic investment
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434467
Link To Document