Capacity Expansions timing patterns in the United Kingdom’s petroleum refining industry between 1948 and 1998

Arrieta Paredes, Mary-Paz (2004): Capacity Expansions timing patterns in the United Kingdom’s petroleum refining industry between 1948 and 1998.

Abstract

We try to get a handle on whether capacity expansion timing patterns in oligopoly among incumbents are followed. We study the United Kingdom ´s petroleum refining industry between 1948 and 1998. Using fixed-effects logit models, we find that U.K.´s refiners have not followed any definite capacity expansion-timing pattern.

• Item Type: MPRA Paper
• Language: English
• Keywords: Capacity expansion timing; Mobility deterrence
• Subjects: L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms; L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets; L - Industrial Organization > L7 - Industry Studies: Primary Products and Construction > L71 - Mining, Extraction, and Refining: Hydrocarbon Fuels

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