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Flexibility and Competition in Food Manufacturing Industries

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  • Weiss, Christoph R.

Abstract

This paper analyses the flexibility decision of firms. In particular we (a) ask whether the flexibility choice is influenced by market structure (concentration, market growth, ...), (b) compare the firms' actual choices with welfare maximising flexibility decisions (c) investigate the determinants of flexibility empirically for a panel of 4-digit U.S. manufacturing industries and (d) specifically analyse the flexibility decision in the U.S. food manufacturing industries. The paper is organised as follows. The following section 2 analyses the flexibility decision of firms theoretically. Section 3 discusses the empirical results from random effects models estimated on a panel of 299 4-digit U.S. manufacturing firms whereby specific attention is given to the situation in the food industry. Section 4 concludes.

Suggested Citation

  • Weiss, Christoph R., 1999. "Flexibility and Competition in Food Manufacturing Industries," FE Working Papers 9901, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
    • Handle: RePEc:zbw:caufew:9901
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    1. Roller, Lars-Hendrik & Tombak, Mihkel M, 1990. "Strategic Choice of Flexible Production Technologies and Welfare Implications," Journal of Industrial Economics, Wiley Blackwell, vol. 38(4), pages 417-431, June.
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    3. George Stigler, 1939. "Production and Distribution in the Short Run," Journal of Political Economy, University of Chicago Press, vol. 47, pages 305-305.
    4. Vives, Xavier, 1986. "Commitment, flexibility and market outcomes," International Journal of Industrial Organization, Elsevier, vol. 4(2), pages 217-229, June.
    5. 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 316-330, April.
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