IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/32239.html
   My bibliography  Save this paper

Capacity Expansions timing patterns in the United Kingdom’s petroleum refining industry between 1948 and 1998

Author

Listed:
  • Arrieta Paredes, Mary-Paz

Abstract

We try to get a handle on whether capacity expansion timing patterns in oligopoly among incumbents are followed. We study the United Kingdom ´s petroleum refining industry between 1948 and 1998. Using fixed-effects logit models, we find that U.K.´s refiners have not followed any definite capacity expansion-timing pattern.

Suggested Citation

  • Arrieta Paredes, Mary-Paz, 2004. "Capacity Expansions timing patterns in the United Kingdom’s petroleum refining industry between 1948 and 1998," MPRA Paper 32239, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:32239
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/32239/1/MPRA_paper_32239.pdf
    File Function: original version
    Download Restriction: no
    File URL: https://mpra.ub.uni-muenchen.de/38456/1/MPRA_paper_38456.pdf
    File Function: revised version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Lieberman, Marvin B, 1987. "Excess Capacity as a Barrier to Entry: An Empirical Appraisal," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 607-627, June.
    2. Haskel, Jonathan & Martin, Christopher, 1994. "Capacity and Competition: Empirical Evidence on UK Panel Data," Journal of Industrial Economics, Wiley Blackwell, vol. 42(1), pages 23-44, March.
    3. Singh, Satwinder & Utton, Michael & Waterson, Michael, 1998. "Strategic behaviour of incumbent firms in the UK," International Journal of Industrial Organization, Elsevier, vol. 16(2), pages 229-251, March.
    4. Masson, Robert T & Shaanan, Joseph, 1986. "Excess Capacity and Limit Pricing: An Empirical Test," Economica, London School of Economics and Political Science, vol. 53(211), pages 365-378, August.
    5. Smiley, Robert, 1988. "Empirical evidence on strategic entry deterrence," International Journal of Industrial Organization, Elsevier, vol. 6(2), pages 167-180.
    6. Dixit, Avinash, 1980. "The Role of Investment in Entry-Deterrence," Economic Journal, Royal Economic Society, vol. 90(357), pages 95-106, March.
    7. Ghemawat, Pankaj, 1984. "Capacity Expansion in the Titanium Dioxide Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 33(2), pages 145-163, December.
    8. Koscianski, Janet & Mathis, Stephen, 1995. "Excess capacity and the probability of entry An application to the US titanium industry," Resources Policy, Elsevier, vol. 21(1), pages 43-51, March.
    9. Ciaran Driver, 2000. "Capacity Utilisation and Excess Capacity: Theory, Evidence, and Policy," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 16(1), pages 69-87, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Capacity expansion timing; Mobility deterrence;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:32239. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter) or (Rebekah McClure). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.