Testing dynamic oligopolistic interaction: evidence from the semiconductor industry

Article Abstract:

A test is conducted to find whether the dynamic random access memory (DRAM) industries take into account the intertemporal strategic effect of their contemporaneous output decision on their rival's future output decision. The empirical results indicated that the firms behave strategically and price-cost margins are overestimated in a precommitment specification.

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Is advertising a signal of product quality? Evidence from the compact disc player market, 1983 - 1992

Article Abstract:

Panel data on advertising and pricing in the compact disc player market between 1983 and 1992 is analyzed to determine that advertising increases after a compact disc player is released, although at a decreasing rate. Another determination made is that prices fall increasingly after introduction.

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Evidence on preferences and subjective beliefs of risk takers: the case of smokers

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A study on relationship among smoking status, and time and risk preference, and individual beliefs about macroeconomic events is presented.

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