Synopsis
Excerpt from Strategic Inventories and the Excess Volatility of Production
The first difference is that inventories can only be used to discipline for a short period of time. Nonetheless this may be important if the oligopoly can sustain only little collusion in the absence of inventories.
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Strategic Inventories and the Excess Volatility of Production (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book explores the role of inventories in supporting and extending collusionary practices between firms, particularly in industries where production is costly or complex. The author argues that inventories can serve as effective deterrents to deviations from agreed-upon production levels, thereby helping firms to maintain higher profits. The book examines the strategic use of inventories in a dynamic setting, considering both the production and sales stages of a firm's operations. It also analyzes the impact of various factors, such as demand fluctuations and the observability of production decisions, on the effectiveness of inventory-based collusion. The insights presented in this book shed light on the complex relationship between inventories, collusion, and firm behavior, providing valuable knowledge for researchers and practitioners interested in industrial organization, antitrust policy, and business strategy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781332283309_0
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Strategic Inventories and the Excess Volatility of Production Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332283309
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Strategic Inventories and the Excess Volatility of Production Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332283309
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