On industry equilibrium under uncertainty

DOI10.1016/0022-0531(84)90042-5MaRDI QIDQ791425zbMATH OpenOpenAlexFDO

Authors Jacques H. Drèze, Eytan Sheshinski

Publication date 1984

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(84)90042-5

zbMATH Keywords

competitive equilibriumuniquenessmarket structuredynamic process of free entry and exitefficient allocationsefficient investmentindustry equilibrium

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• The comparative statics of a competitive industry facing demand uncertainty
• Irreversible investment and industry equilibrium
• Entry, Exit, and firm Dynamics in Long Run Equilibrium
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• Markov-Perfect Industry Dynamics: A Framework for Empirical Work

Cites work

• Stability Theorems with Economic Applications

Cited in

(8)

• Entry under placement uncertainty
• Entry, Exit, and firm Dynamics in Long Run Equilibrium
• Free entry under uncertainty
• Output uncertainty mitigation in competitive markets
• Equilibrium exit in stochastically declining industries
• Scarce human resources and equilibrium industry structure
• The comparative statics of a competitive industry facing demand uncertainty
• On the cost-minimizing number of firms

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