The Value of Market Information in the Dynamics of a Capital-Intensive Industry : The Case of DRAM Manufacturing

@inproceedings{Gardete2012TheVO,
  title={The Value of Market Information in the Dynamics of a Capital-Intensive Industry : The Case of DRAM Manufacturing},
  author={Pedro M. Gardete},
  year={2012}
}
Much like in other semiconductor environments, DRAM manufacturers face significant demand uncertainty before production and capacity decisions can be implemented. This paper investigates the role and assesses the value of market information in the DRAM manufacturing industry. A dynamic oligopoly model of competition with capacity constraints is developed, where firms hold information about demand. The model reveals that better information is especially beneficial when the market performs poorly… CONTINUE READING

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