Flexibility And Competition In U.S. Food Manufacturing Firms: Are Firms Too Inflexible?
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.
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- NORMAN, George & THISSE, Jacques-François, 1996.
"Technology choice and market structure : strategic aspects of flexible manufacturing,"
CORE Discussion Papers
1996059, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- Weiss, Christoph R., 2001. "On flexibility," Journal of Economic Behavior & Organization, Elsevier, vol. 46(3), pages 347-356, November.
- Roeger, Werner, 1995. "Can Imperfect Competition Explain the Difference between Primal and Dual Productivity Measures? Estimates for U.S. Manufacturing," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 316-30, April.
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