This paper surveys the most important economic contributions on technological flexibility. It focus mainly on two dimensions of flexibility: the possibility for flexible firms to adapt their production rate to demand fluctuations and the capacity to change the product design quickly. In the...

This paper develops a theory of the centralization of firms engaged in multi-market collusive agreements. A centralized organization (called the unitary or U-form) allows price coordination across several markets, whereas with decentralized (the multidivisional or M-form) firms the probability...

We study the interactions between the capital structure and the technological flexibility choices of firms in a duopoly. When there are bankruptcy costs, a leveraged firm may modify its strategic choices in order to decrease its probability of bankruptcy. We show that, when the capacity level of...

We show that whether observing technological choices made by competitors is possible or not has significant impacts on the equilibrium technological configurations. Depending upon the industry characteristics, the strategic value of technological flexibility may be either positive or negative,...

We study the links between observability and flexible technological choices in a duopolistic market. We show that, in large markets, the strategic value of flexibility is positive and observability of technological choices promotes the adoption of more flexible technologies whereas in small...

We study the interactions between equity financing and strategic technological flexibility choices of firms facing a threat of costly bankruptcy. We show that a firm's level of financial hardship is an important determinant of the level and type of investment it chooses to make, either a less...

We study in this paper how the technological flexibility choices and equilibrium configurations depend first on the industry characteristics (demand function and cost parameters specific to the multiproduct flexible technology and to the product dedicated technologies) and, second, on the...

We study the links between observation and flexible technological choices in a duopolistic industry. We show that, in large markets, the strategic value of flexibility is positive and the observation of technological choices promotes the adoption of more flexible technologies whereas in small...

<marquage typemarq="gras"/> The aim of this paper is to study the links between flexibility technological choices and tacit collusion in a duopoly. We prove that adoption of flexible technologies improves tacit collusion, when competition is à la Bertrand, but makes it more difficult, when competition is à la Cournot....

This paper surveys the microeconomic literature on multinational enterprises. It analyses the costs and the benefits for the firms of foreign direct investment. Then it studies how the firms invest abroad and the impact of some economic policies on foreign direct investment. Cet article propose...