Demand shocks, capacity coordination, and industry performance: lessons from an economic laboratory.
Antitrust exemptions granted to businesses under extenuating circumstances are often justified by the argument that they benefit the public by helping producers adjust to otherwise difficult economic circumstances. Such exemptions may allow firms to coordinate their capacities, as was the case of th...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 43; no. 1; pp. 139 - 167 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Spring2012
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=73930308&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 73930308 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Spring2012 vid: 43 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 73930308 10.1111/j.1756-2171.2012.00160.x ppf: 139 ppct: 28 formats: fmt: @attributes: type: P size: 1.5MB tig: atl: Demand shocks, capacity coordination, and industry performance: lessons from an economic laboratory. aug: au: Hampton, Kyle Sherstyuk, Katerina affil: University of Alaska Anchorage; . University of Hawaii at Manoa; . su: Economic demand Business enterprises Economic shock Pricing Economic efficiency Economic research sug: subj: Economic demand Business enterprises Research and Development in the Social Sciences and Humanities Economic shock Pricing Economic efficiency Economic research ab: Antitrust exemptions granted to businesses under extenuating circumstances are often justified by the argument that they benefit the public by helping producers adjust to otherwise difficult economic circumstances. Such exemptions may allow firms to coordinate their capacities, as was the case of the post-September 11, 2001, antitrust immunity granted to Aloha and Hawaiian Airlines. We conduct economic laboratory experiments to determine the effects of explicit capacity coordination on oligopoly firms' abilities to adjust to negative demand shocks and on industry prices. The results suggest that capacity coordination speeds the adjustment process, but also has a clear procollusive effect on firm behavior. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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