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- W1994341556 abstract "This paper argues that the degree of market power within an industry is an important determinant of interindustry differences in investment behavior A neoclassical investment model is analyzed to show that market power is positively associated with capital stock flexibility The intuition for the result is that firms adjust their stocks and investment plans quickly in response to new conditions so as to capture the rents asssociated with their market power" @default.
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- W1994341556 date "1992-06-01" @default.
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- W1994341556 title "Investment and market power" @default.
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- W1994341556 doi "https://doi.org/10.1016/0167-7187(92)90021-p" @default.
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