The Investment Behaviour of Firms in an Oligopolistic Setting
构建了寡头市场投资行为模型，利用1970-1980年代英国114家制造业企业面板数据，发现不同市场结构下企业投资呈现非合作、合作或竞争行为。
Industrial organization theory has identified strategic investment in capacity as an important element in competition in oligopolistic markets. In the paper we specify a model of oligopolistic investment behaviour, and test it with panel data for 114 firms in 15 narrowly defined UK manufacturing industries in the 1970s and 1980s. The industries are distinguished according to their market characteristics as fragmented, dominant firm and dominant group sectors. The results indicate behaviour which is noncooperative in fragmented sectors, cooperative in dominant group sectors and competitive in dominant firm sectors.