S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.18(4) (Winter 2005)
Demand Uncertainty and the Choice of Business Model in the Semiconductor Industry
- Tsai, Yingyi; Wu, Ching-Tang
- Issue Date
- Seoul Journal of Economics, Vol.18 No.4, pp. 303-324
- The traditional approach to voluntary provision of pure public goods typically models the factors of group heterogeneity and group size in a piecemeal fashion and fails to explain salient empirical observations. Integrating both factors into a single model, we examine how they interact with each other to determine the structure of Nash equilibrium, and show that this model is indeed useful in making realistic predictions.