Information sharing and competition in the motor vehicle industry

被引:41
作者
Doyle, MP [1 ]
Snyder, CM [1 ]
机构
[1] George Washington Univ, Washington, DC 20052 USA
关键词
D O I
10.1086/250099
中图分类号
F [经济];
学科分类号
02 ;
摘要
Up to six months ahead of actual production, U.S. automakers announce plans for their monthly domestic production of cars. A leading industry trade journal publishes the initial plans and then a series of revisions leading up to the month in question. We analyze a panel data set spanning the years 1965-95, matching the production forecasts with data for actual monthly production. We show that a firm's plan announcement affects competitors' later revisions of their own plans and eventual production. The interaction appears to be complementary: large plans or upward revisions cause competitors to revise plans upward and increase production. The results are consistent with theoretical models in which firms share information about common demand parameters.
引用
收藏
页码:1326 / 1364
页数:39
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