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

  title={The effects of market structure on industry growth: Rivalrous non-excludable capital},
  author={Christos Koulovatianos and Leonard J. Mirman},
  journal={J. Economic Theory},
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

From This Paper

Topics from this paper.


Publications referenced by this paper.
Showing 1-10 of 17 references

R&D Investment, Market Structure, and Industry Growth, mimeo, University of Virginia

  • C. Koulovatianos, L. J. Mirman
  • 2003
Highly Influential
12 Excerpts

The Great FishWar: an Example using a Dynamic Cournot- Nash Solution

  • D. Levhari, L. J. Mirman
  • Bell J. Econ
  • 1980
Highly Influential
5 Excerpts

A dynamic common property resource problem with amenity value and extraction

  • G. Sorger
  • costs, Int. J. Econ. Theory,
  • 2005
2 Excerpts

Mirman ( 2003 a ) : “ The Effects of Market Structure on Industry Growth , ” Mimeo , University of Virginia . Koulovatianos , Christos and Leonard J . Mirman (

  • David Levhari, Ron Michener, Leonard J. Mirman
  • b ) : “ R & D Investment , Market Structure , and…
  • 2003

“ Markov - Perfect Industry Dynamics : A Framework for Empirical Work

  • Gerhard Gaudet, Stephen W. Salant
  • The Review of Economic Studies
  • 1995

How Different Can Strategic Models Be

  • P. K. Dutta, R. K. Sundaram
  • J. Econ. Theory
  • 1993
1 Excerpt

Markovian Equilibrium in a Class of Stochastic Games: Existence Theorems for Discounted and Undiscounted Models

  • P. K. Dutta, R. K. Sundaram
  • Econ. Theory
  • 1992
2 Excerpts

The joint exploitation of a productive asset: a game-theoretic approach

  • J. Benhabib, R. Radner
  • Econ. Theory
  • 1992
2 Excerpts

) : “ Uniqueness of Cournot Equilibrium : New Results from Old Methods

  • Jeremy Greenwood, Zvi Hercowitz, Gregory Huffman
  • The Review of Economic Studies
  • 1991

A lattice theoretic approach to a class of dynamic games

  • R. Amir
  • Comp. Math. Appl
  • 1989
2 Excerpts

Similar Papers

Loading similar papers…