The Devolution of Declining Industries

DOI10.2307/2937824MaRDI QIDQ3471795zbMATH OpenOpenAlexFDO

Authors Pankaj Ghemawat, Barry Nalebuff

Publication date 1990

Published in The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2937824

zbMATH Keywords

capacity reductioncontinuous adjustmentdeclining industriesdynamic competitionsubgame-perfect equilibrium

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Production theory, theory of the firm (91B38) Economic growth models (91B62)

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Cited in

(11)

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• Equilibrium exit in stochastically declining industries
• A note on the relation between size, ownership status and plant's closure: sunk costs vs. strategic size liability
• Wars of attrition with endogenously determined budget constraints
• Volunteering and the strategic value of ignorance
• Strategic investment under uncertainty: a synthesis
• Excess capacity and effectiveness of policy interventions: evidence from the cement industry
• Game of variable contributions to the common good under uncertainty
• A war of attrition with endogenous effort levels
• The impact of perceived strength in the war of attrition
• Live or let die? alternative routes to industry exit

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