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Author:Hay, D.
Liu, G.
Title:The investment behaviour of firms in an oligopolistic setting
Journal:Journal of Industrial Economics
1998 : MAR, VOL. 46:1, p. 79-100
Index terms:INVESTMENT
COMPANIES
OLIGOPOLY
Language:eng
Abstract:Industrial organization theory has identified strategic investment in capacity as an important element in competition in oligopolistic markets. In the paper the authors specify a model of oligopolistic investment behavior, and test it with panel data for 114 firms in 15 narrowly defined UK manufacturing industries in the 1970s and 1980s. The industries are distinguished according to their market characteristics as fragmented, dominant firm and dominant group sectors.
SCIMA record nr: 177209
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