Strategic Choice of Flexible Production Technologies and Welfare Implications: Addendum et Corrigendum

In a recent article in this journal, Roller and Tombak [1990] analyse the strategic choice of modern flexible production technologies. They develop a two-stage game in which firms choose between a flexible technology and a dedicated technology in the first stage and subsequently choose output. This...

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Bibliographic Details
Published in:The Journal of industrial economics 1992-06, Vol.40 (2), p.233-235
Main Authors: Kim, Taekwon, Röller, Lars-Hendrik, Tombak, Mihkel M.
Format: Article
Language:English
Subjects:
Automation
Economic models
Economic theory
Flexible manufacturing systems
Market equilibrium
Military strategy
Mixed strategy
Nash equilibrium
Production technology
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Summary:In a recent article in this journal, Roller and Tombak [1990] analyse the strategic choice of modern flexible production technologies. They develop a two-stage game in which firms choose between a flexible technology and a dedicated technology in the first stage and subsequently choose output. This note corrects an error in one of the graphs in that paper, provides an interpretation of the new graph and extends the analysis by allowing for mixed strategies and complementary products.
ISSN:0022-1821
1467-6451
DOI:10.2307/2950514