Capacity investment choices under cost heterogeneity and output flexibility in oligopoly

DOI10.1016/J.EJOR.2020.08.046MaRDI QIDQ2029937zbMATH OpenOpenAlexFDO

Authors Benoît Chevalier-Roignant, Christoph M. Flath, Peter M. Kort, Lenos Trigeorgis

Publication date 4 June 2021

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2020.08.046

zbMATH Keywords

capacity choicesfirm asymmetryinvestment analysisoutput flexibilityreal options

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Special types of economic markets (including Cournot, Bertrand) (91B54) Corporate finance (dividends, real options, etc.) (91G50)

Recommendations

• Irreversible investment under uncertainty in oligopoly
• Demand fluctuations and capacity utilization under duopoly
• Capacity investment under postponement strategies, market competition, and demand uncertainty
• Flexible capacity strategy in an asymmetric oligopoly market with competition and demand uncertainty
• Endogenous Investment and Pricing under Uncertainty

Cites work

• Generation Capacity Expansion in Imperfectly Competitive Restructured Electricity Markets
• How to escape a declining market: capacity investment or exit?
• Investment and capacity choice under uncertain demand
• Investment and the Valuation of Firms When There is an Option to Shut Down
• Investment timing, debt structure, and financing constraints
• OPTIMAL CONSUMPTION AND PORTFOLIO DECISIONS WITH PARTIALLY OBSERVED REAL PRICES
• Optimal Investment with Costly Reversibility
• Real options in operations research: a review
• Real options, ambiguity, risk and insurance
• Rescaling-contraction with a lower cost technology when revenue declines
• Sequential capacity expansion options
• Stochastic games for fuel follower problem: \(N\) versus mean field game
• Strategic investment under uncertainty: a synthesis
• Strategies for survival in fast-changing industries
• Technology adoption in a declining market
• The dynamics of mergers and acquisitions in oligopolistic industries
• Welfare Losses Due to Imperfect Competition: Asymptotic Results for Cournot Nash Equilibria with and without Free Entry
• When and how much to invest? Investment and capacity choice under product life cycle uncertainty

Cited in

(11)

• Irreversible investment under uncertainty in oligopoly
• Demand fluctuations and capacity utilization under duopoly
• Production externalities and investment caps: a welfare analysis under uncertainty
• Competition through capacity investment under asymmetric existing capacities and costs
• Demand uncertainty, product differentiation, and entry timing under spatial competition
• Lumpy capacity investment and disinvestment dynamics
• Flexible capacity strategy in an asymmetric oligopoly market with competition and demand uncertainty
• Strategic investment decisions in an oligopoly with a competitive fringe: an equilibrium problem with equilibrium constraints approach
• Competition under demand uncertainty: the roles of technology and capacity strategy
• Investments under strategic competition and uncertainty: a literature review on real option games
• Optimizing capacity investment and production planning in the presence of protective tariffs and market competition

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