Strategic capital investment in the American aluminum industry.

Research output: Contribution to journalArticle

24 Citations (Scopus)

Abstract

A dominant firm equilibrium simulation is found to predict behavior of leading firms better than a Nash equilibrium. The remedy following Alcoa's monopolization conviction in 1945 is examined. Industry simulations involving a more competitive post-war market structure predict a small welfare gain.-from Author

Original languageEnglish (US)
Pages (from-to)225-245
Number of pages21
JournalJournal of Industrial Economics
Volume34
Issue number3
StatePublished - 1986
Externally publishedYes

Fingerprint

Industry
Simulation
Capital investment
Aluminum
Remedies
Market structure
Welfare gains
Nash equilibrium
Monopolization
Dominant firm

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Accounting
  • Economics and Econometrics
  • Finance

Cite this

Strategic capital investment in the American aluminum industry. / Reynolds, Stanley S.

In: Journal of Industrial Economics, Vol. 34, No. 3, 1986, p. 225-245.

Research output: Contribution to journalArticle

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