Cyclical Fluctuations And Coordination In The Us Steel Industry

    Authors

    C. A. Gallet

    Comments

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    Abbreviated Journal Title

    Appl. Econ.

    Keywords

    POWER; Economics

    Abstract

    The model developed uses a measure of the discrepancy between price and marginal cost to estimate the effects of domestic demand fluctuations on the degree of oligopoly coordination in the US steel industry. Due to the importance of imports, however, domestic demand fluctuations occur whenever market demand and/or import supply shift. Consistent with several recent game-theoretic models, our results show that coordination among US steel producers tends to be weakest when market demand is high and import supply is low.

    Journal Title

    Applied Economics

    Volume

    29

    Issue/Number

    3

    Publication Date

    1-1-1997

    Document Type

    Article

    Language

    English

    First Page

    279

    Last Page

    285

    WOS Identifier

    WOS:A1997WQ20700002

    ISSN

    0003-6846

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