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| Author: | Roller, L. Tombak, M. |
| Title: | Competition and investment in flexible technologies |
| Journal: | Management Science
1993 : JAN, VOL. 39:1, p. 107-114 |
| Index terms: | FLEXIBLE MANUFACTURING SYSTEMS OLIGOPOLY PRODUCT DIFFERENTIATION |
| Language: | eng |
| Abstract: | This paper examines the implications of market structure on investment in flexible manufacturing systems (FMS). The authors analyze a two-stage game, in which firms choose between a flexible and a less flexible technology in the first stage, then choose production quantities in the second stage. In equilibrium, a large proportion of FMS firms is associated with more concentrated markets. The model presented here predicts that a larger market and/or a more differentiated product results in a higher proportion of FMS firms being sustained. |
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