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- W2178244056 abstract "<p class=MsoBlockText style=margin: 0in 0.5in 0pt;><span style=font-style: normal;><span style=font-size: x-small;><span style=font-family: Times New Roman;>Haltiwanger and Harrington (1991) among others explore a theoretical study on the effects of demand fluctuations on the degree of oligopoly coordination.<span style=mso-spacerun: yes;> </span>They specify that demand movements are deterministic as the assumption of independent, identically distributed demand shocks in each period is excluded.<span style=mso-spacerun: yes;> </span>This paper empirically examines the hypothesis implied by the Haltiwanger and Harrington in which current prices and margins vary directly with expected future demand.<span style=mso-spacerun: yes;> </span>We also explore the time series properties of demand shocks.<span style=mso-spacerun: yes;> </span>Various lag structures are introduced into the estimation.<span style=mso-spacerun: yes;> </span>The model is applied to the U.S. aluminum industry.<span style=mso-spacerun: yes;> </span>Results support the predictions of the theoretical models.<strong style=mso-bidi-font-weight: normal;></strong></span></span></span></p>" @default.
- W2178244056 created "2016-06-24" @default.
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- W2178244056 date "2011-01-14" @default.
- W2178244056 modified "2023-09-26" @default.
- W2178244056 title "The Effects Of The Business Cycle On Oligopoly Coordination: Evidence From The U.S. Aluminum Industry" @default.
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- W2178244056 doi "https://doi.org/10.19030/jabr.v24i2.1350" @default.
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