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首页> 外文学位 >MARKET STRUCTURE, CAPACITY EXPANSION, AND PRICING: THE CASES OF THE UNITED STATES IRON AND STEEL INDUSTRY, 1907-1930 AND THE JAPANESE IRON AND STEEL INDUSTRY, 1957-1975.
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MARKET STRUCTURE, CAPACITY EXPANSION, AND PRICING: THE CASES OF THE UNITED STATES IRON AND STEEL INDUSTRY, 1907-1930 AND THE JAPANESE IRON AND STEEL INDUSTRY, 1957-1975.

机译：市场结构，产能扩张和定价：1907-1930年美国钢铁工业和1957-1975年日本钢铁工业的情况。

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摘要

The main objective of this thesis is to study empirically the simultaneous and recursive relations between short-run pricing, capacity decision, and fluctuations in the elements of market structure. The thesis considers the following general issues: (a) how the industry adjusts toward the long-run equilibrium; and (b) how short-run price and output are determined while on the adjustment path. Specifically the thesis analyzes (i) the effect of changes in the elements of market structure on the determination of short-run prices and on the capacity decisions; and (ii) the way in which those elements of market structure change over time as a result of past market conduct. The thesis pays particular attention to the effect of shifts in the degree of mutual dependence recognized or the level of seller concentration on the firm's decision variables. It then explores the dynamics of change in seller concentration.; For this purpose, two separate time-series industry models were constructed and applied to the particular industries. The first model was constructed to analyze the industry where the largest firm accounts for a large proportion of market and was applied to the United States iron and steel industry for 1907-30. The second model was constructed to analyze the industry where the largest few firms account for a large proportion of market and was applied to the Japanese iron and steel industry for 1957-75.; The statistical results from these two empirical models first imply that over time industry market structure--especially seller concentration--might change endogenously in the system. And the way in which seller concentration shifts over time depends on the initial competitive structure of the industry and the pattern of market rivalry which is to some extent derived from the structure. Both models in this thesis also indicated that seller concentration as an element of market structure was a significant determinant of short-run prices and had a significant effect on the capacity decisions. Thus the models imply that short-run shifts in the element of market structure affect market conduct and thus performance. These findings of the thesis support the proposition that market structure affects market conduct at any moment in time while it is to some degree shaped by past market conduct or behavior and structure.
机译：本文的主要目的是实证研究短期定价，产能决策与市场结构要素波动之间的同时和递归关系。本文考虑了以下一般性问题：（a）行业如何朝着长期均衡进行调整； （b）在调整路径上如何确定短期价格和产出。具体而言，论文分析（i）市场结构要素的变化对短期价格确定和产能决策的影响； （ii）由于过去的市场行为，这些市场结构要素随时间变化的方式。本文特别关注转移的认可程度或卖方集中程度对公司决策变量的影响。然后探讨卖方集中度变化的动态。为此，构建了两个单独的时间序列行业模型并将其应用于特定行业。构建了第一个模型来分析行业，其中最大的公司占据了很大的市场份额，并于1907-30年应用于美国钢铁行业。第二种模型是用来分析行业的，在该行业中，少数公司占据了很大的市场份额，并在1957-75年间应用于日本钢铁业。这两个经验模型的统计结果首先表明，随着时间的流逝，行业市场结构（尤其是卖方集中度）可能会在系统中内生地变化。卖方集中度随时间变化的方式取决于该行业的初始竞争结构和在某种程度上源自该结构的市场竞争模式。本文的两个模型还表明，卖方集中度是市场结构的一个要素，是短期价格的重要决定因素，并且对容量决策有重要影响。因此，这些模型暗示着市场结构要素的短期变动会影响市场行为，进而影响绩效。论文的这些发现支持这样的观点，即市场结构在任何时候都会影响市场行为，而市场结构在一定程度上是由过去的市场行为或行为与结构所决定的。

著录项

  • 作者

    YAMAWAKI, HIDEKI.;

  • 作者单位

    Harvard University.;

  • 授予单位 Harvard University.;
  • 学科 Economics Commerce-Business.
  • 学位 Ph.D.
  • 年度 1982
  • 页码 202 p.
  • 总页数 202
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 贸易经济;
  • 关键词

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