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In grid-bound industries, individual investment in production capacity constitutes a public good in the form of a delivery insurance for all market participants. We analyze the effects of entry (caused e.g. by deregulation) on capacity and output choice in these industries. To this end we employ...
Persistent link: https://www.econbiz.de/10010635282
In grid-bound industries, individual investment in production capacity constitutes a public good in the form of a delivery insurance for all market participants. We analyze the effects of entry (caused e.g. by deregulation) on capacity and output choice in these industries. To this end we employ...
Persistent link: https://www.econbiz.de/10010704494