Demand Uncertainty, Forecasting, and Monopolistic Equilibrium

Cukrowski, Jacek

doi:10.2139/ssrn.1544229

Cited by 5 publications

(3 citation statements)

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“…In general, the firm may find it advantageous to compute in subsequent periods (say, tm, m = 1,2,...) deviations from the mean values of random variables η i,t-m coming from different subsets of sources (say, S t-m , m = 1,2,...) and use them for the estimation of the total deviation from the expected demand in period t (rational strategy requires that sources of demand should be analyzed cyclically one after the other) (see Cukrowski, 1996).…”

Section: F O R E C a S T I N G M A R K E T D E M A N Dmentioning

confidence: 99%

Strategic market research and industry structure in integrated economy

Cukrowski¹,

Fischer²

2003

Prague Economic Papers

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The paper is concerned with the impact of market research prior to integration with European Union (EU) on the structures of noncompetitive industries in integrated economy. The analysis focuses on monopolistic markets with stochastic demand. Firms are considered in dynamic multiperiod model, where intertemporal links are determined by expenditures on market research in a present period and benefits from this activity (i.e., smaller variance of the prediction error) in the future. We show that the optimal market research strategy is stationary and depends on market size. Consequently, after accession firms operating prior to integration in small markets are expected to have much less information about the total market than their competitors from the EU. This informational asymmetry may affect the structure of the industry in integrated economy. In the extreme case, the firm operating before integration in the small market can be ruled out from the integrated market.

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Section: F O R E C a S T I N G M A R K E T D E M A N Dmentioning

confidence: 99%

Strategic market research and industry structure in integrated economy

Cukrowski¹,

Fischer²

2003

Prague Economic Papers

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“…Thus, in the problem considered, the optimal output and demand-predicting strategy is stationary, i.e., >0 (see Cukrowski, 1996) , where g denotes the cost of data processing, and λ (λ>0) is a parameter describing the current state of information processing technology. Consequently, for any σ x <σ 0 , the cost of data processing is specified as g(σ x )=-(lnσ x -lnσ 0 )/λ.…”

Section: A Monopolistic Supplier and Retail Firmsmentioning

confidence: 99%

Information-processing, technological progress, and retail markets dynamics

Cukrowski

Fischer

2002

Information Economics and Policy

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“…To focus on the role of uncertainty (see e.g. Zabel, 1970;Sandmo, 1971;Leland,1972;Lim, 1980;Cukrowski, 1996, for the detail analysis of the behavior of the firm operating in stochastic environment) in the market for services, one can think about a supplier, such as a haulage contractor or a sightseeing tour operator, operating in the market with demand depending on the weather in a season. The supplier is assumed to set a capacity before the season (i.e.…”

Section: R E T a I L T R A D E I N S E R V I C E Smentioning

confidence: 99%

Privatizing a service sector: where to start?

Cukrowski¹

2002

Prague Economic Papers

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This paper develops a theoretical framework for the analysis of transformation of the service sector during privatization process. A simple model which includes a supplier of services and retail firms is presented and applied to study the effects of various sequences of privatization. Our findings indicate that privatizing the supplier first is always at least as good as privatizing the retailers first because (unlike the strategy of privatizing the retail firms first) it increases both the number of retail firms and profit of the supplier.

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Demand Uncertainty, Forecasting, and Monopolistic Equilibrium

Cited by 5 publications

References 0 publications

Strategic market research and industry structure in integrated economy

Strategic market research and industry structure in integrated economy

Information-processing, technological progress, and retail markets dynamics

Privatizing a service sector: where to start?

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