Competition for Scarce Resources.
We show that the efficient allocation of production capacity can turn a competitive industry and downstream market into an imperfectly competitive one. Even though downstream firms have symmetric production technologies, the downstream industry structure will be symmmetric only if capacity is suffi...
Main Authors: | , , |
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Format: | Working paper |
Language: | English |
Published: |
Department of Economics (University of Oxford)
2007
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