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IIJM:Volume 5, Issue 2, February 2017

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Title:
ON MANUFACTURING ARRANGEMENT AND FIRM CONDUCT IN LONG RUN EQUILIBRIUM
Author Name:
Miss. Minaxhi Shivahare
Abstract:
ABSTRACT This paper presents an analysis of long run equilibrium of business structure and firm conduct providing entry and exit, and cost nonuniformity among companies. It investigates the case of firms’ conduct/markups that emerges as the stationary equilibrium from long-term evolutionary choice over time. Treating the number of companies as endogenous provides linkages between firms’ conduct and market structure. The implications of cost structure for market equilibrium value, firms’ conduct and industry concentration square measure investigated. The effects of fixed costs and entry/exit on long-term industry equilibrium square measure examined. The analysis shows how economic process will facilitate cut back the firms’ exercise of market power, increase the responsiveness of aggregate offer, and reduce value sensitivity to shocks. It also shows however neglecting either entry/exit or changes in firm conduct underestimates the mixture effects of economic process.
Cite this article:
Miss. Minaxhi Shivahare , " ON MANUFACTURING ARRANGEMENT AND FIRM CONDUCT IN LONG RUN EQUILIBRIUM" , IPASJ INTERNATIONAL JOURNAL OF MANAGEMENT(IIJM) , Volume 5, Issue 2, February 2017 , pp. 023-026 , ISSN 2321-645X.
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