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Flexibility And Competition In U.S. Food Manufacturing Firms: Are Firms Too Inflexible?

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  • Weiss, Christoph R.

Abstract

We analyse the flexibility decision of firms in a two-stage duopoly game of complete information and test the models implications using panel data of U.S. food industries. We find a positive relationship between flexibility and market power. Flexibility in food manufacturing industries is significantly higher than in all other industries.

Suggested Citation

  • Weiss, Christoph R., 2001. "Flexibility And Competition In U.S. Food Manufacturing Firms: Are Firms Too Inflexible?," 2001 Annual meeting, August 5-8, Chicago, IL 20596, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20596
    DOI: 10.22004/ag.econ.20596
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    References listed on IDEAS

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    1. George Norman & Jacques‐François Thisse, 1999. "Technology Choice and Market Structure: strategic aspects of flexible manufacturing," Journal of Industrial Economics, Wiley Blackwell, vol. 47(3), pages 345-372, September.
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    5. Weiss, Christoph R., 2001. "On flexibility," Journal of Economic Behavior & Organization, Elsevier, vol. 46(3), pages 347-356, November.
      • Weiss, Christoph R. & Briglauer, Wolfgang, 2000. "On flexibility," FE Working Papers 0003, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
    6. George Stigler, 1939. "Production and Distribution in the Short Run," Journal of Political Economy, University of Chicago Press, vol. 47(3), pages 305-305.
    7. Vives, Xavier, 1986. "Commitment, flexibility and market outcomes," International Journal of Industrial Organization, Elsevier, vol. 4(2), pages 217-229, June.
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    Agribusiness;

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