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{"title"=>"Capacity choice in a large market", "type"=>"journal", "authors"=>[{"first_name"=>"Mats", "last_name"=>"Godenhielm", "scopus_author_id"=>"56639271300"}, {"first_name"=>"Klaus", "last_name"=>"Kultti", "scopus_author_id"=>"6701659116"}], "year"=>2014, "source"=>"PLoS ONE", "identifiers"=>{"issn"=>"19326203", "scopus"=>"2-s2.0-84929135580", "doi"=>"10.1371/journal.pone.0101766", "sgr"=>"84929135580", "pui"=>"373772724"}, "id"=>"95dacf84-877a-3659-b824-6a2d8e607fe1", "abstract"=>"We analyze endogenous capacity formation in a large frictional market with perfectly divisible goods. Each seller posts a price and decides on a capacity. The buyers base their decision on which seller to visit on both characteristics. In this setting we determine the conditions for the existence and uniqueness of a symmetric equilibrium. When capacity is unobservable there exists a continuum of equilibria. We show that the \"best\" of these equilibria leads to the same seller capacities and the same number of trades as the symmetric equilibrium under observable capacity. © 2014 Godenhielm, Kultti.", "link"=>"http://www.mendeley.com/research/capacity-choice-large-market", "reader_count"=>1, "reader_count_by_academic_status"=>{"Other"=>1}, "reader_count_by_user_role"=>{"Other"=>1}, "reader_count_by_subject_area"=>{"Unspecified"=>1}, "reader_count_by_subdiscipline"=>{"Unspecified"=>{"Unspecified"=>1}}, "group_count"=>0}

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• {"files"=>["https://ndownloader.figshare.com/files/1641134", "https://ndownloader.figshare.com/files/1641135"], "description"=>"<div><p>We analyze endogenous capacity formation in a large frictional market with perfectly divisible goods. Each seller posts a price and decides on a capacity. The buyers base their decision on which seller to visit on both characteristics. In this setting we determine the conditions for the existence and uniqueness of a symmetric equilibrium. When capacity is unobservable there exists a continuum of equilibria. We show that the “best” of these equilibria leads to the same seller capacities and the same number of trades as the symmetric equilibrium under observable capacity.</p></div>", "links"=>[], "tags"=>["Capacity Choice", "seller posts", "equilibria", "equilibrium", "buyers base", "Large Market", "capacity formation", "seller capacities"], "article_id"=>1143635, "categories"=>["Biological Sciences", "Science Policy"], "users"=>["Mats Godenhielm", "Klaus Kultti"], "doi"=>["https://dx.doi.org/10.1371/journal.pone.0101766.s001", "https://dx.doi.org/10.1371/journal.pone.0101766.s002"], "stats"=>{"downloads"=>0, "page_views"=>6, "likes"=>0}, "figshare_url"=>"https://figshare.com/articles/_Capacity_Choice_in_a_Large_Market_/1143635", "title"=>"Capacity Choice in a Large Market", "pos_in_sequence"=>0, "defined_type"=>4, "published_date"=>"2014-08-18 04:39:59"}

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