The effects of market structure on industry growth: Rivalrous non-excludable capital

@article{Koulovatianos2007TheEO,
  title={The effects of market structure on industry growth: Rivalrous non-excludable capital},
  author={Christos Koulovatianos and Leonard J. Mirman},
  journal={J. Economic Theory},
  year={2007},
  volume={133},
  pages={199-218}
}
We analyze imperfect competition in dynamic environments where firms use rivalrous but nonexcludable industry-specific capital that is provided exogenously. Capital depreciation depends on utilization, so firms influence the evolution of the capital equipment through more or less intensive supply in the final-goods market. Strategic incentives stem from, (i) a dynamic externality, arising due to the non-excludability of the capital stock, leading firms to compete for its use (rivalry), and, (ii… CONTINUE READING

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