Both product differentiation through quality and capacity commitment have been shown to relax price competition … then commit to capacity and finally compete in price. We show that in equilibrium, firms differentiate their products less … stage where capacity are chosen. Furthermore if the cost of quality is low, capacity pre-commitment completely eliminates …

developed by Hotelling. Firms choose capacities in the first stage and then compete in price. We show that capacity …. The foundation of this result is that capacity precommitment enables firms to take advantage of the local monopoly … structure inherent to the Hotelling model. If furthermore the installation cost for capacity is one fourth of the transportation …

changes in the dynamics of the series, for specifying models parsimoniously, and may be helpful in forecasting. We propose the …

This paper compares the forecasting performance of different models which have been proposed for forecasting in the … forecasting in the vast majority of cases. However, we find no single forecasting model consistently works best in the presence of …

This paper addresses the question of the selection of multivariate GARCH models in terms of variance matrix forecasting …

– 2010 I exhaustively evaluate the forecasting properties of Bayesian shrinkage in regressions with many predictors. Results …

-term contracts and the new model achieves higher forecasting performance compared to a standard DCC model. …

is assessed in forecasting three major macroeconomic time series of the UK economy. Databased restrictions of VAR … coefficients can help improve upon their unrestricted counterparts in forecasting, and in many cases they compare favorably to …