Learning and investment under demand uncertainty in container shipping.
This article investigates the role of demand uncertainty in explaining cyclical investment fluctuations in the container shipping industry. I develop and estimate a dynamic oligopoly model with learning in which firms choose investment and scrapping. In this model, firms are uncertain about the true...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 53; no. 1; pp. 226 - 260 |
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| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Mar2022
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| Acceso en línea: | Ver este registro en EBSCOhost |