constraints and capital accumulation. In particular, we show that, even though no extrinsic uncertainty affects fundamentals …

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 …

This note presents a model in which pension funds, by holding a significant share of capital assets, can exert a non … competitive behavior on labor market. This leads to lower wages and higher capital returns, and can reduce capital accumulation …

This paper studies the equilibrium dynamics of an overlapping generations model with capital, money and cash … as capital. …