This paper incorporates inventory dynamics into a standard conjectural variations analysis of market power. Using a model which incorporates closed-loop equilibrium strategies, we show that measures of market power that ignore inventory dynamics are biased. We then apply the model to the...

ECHEVERRI-CARROLL E., H UNNICUTT L., and HANSEN N. (1998) Do asymmetric networks help or hinder small firms' ability to export?, Reg. Studies 32, 721-733. Studies of industrial districts in Europe and the US and of networked firms in Japan recognize the positive correlation between symmetric...

Nonbinding recommendations, such as provided by fact-finders, are shown to significantly increase voluntary settlements in bargaining. Theoretically, it is unclear whether recommendations will increase settlement rates. A recommendation may reduce outcome uncertainty, thereby "chilling"...

This paper incorporates inventory dynamics into a standard conjectural variations analysis of market power. Using a model which incorporates closed-loop equilibrium strategies, we show that measures of market power that ignore inventory dynamics are biased. We then apply the model to the...