Title

Cyclical Fluctuations And Coordination In The Us Steel Industry

Authors

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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