Josef Steindl

Results: 1
Author: Steindl, Josef
Shelfmark: S/M.45.1
Description: For the purposes of my theory I need two hypotheses: 1) Beyond a point the stimulation of private investment must lead to the creation of new capacity. This is because the possibilities of replacing old equipment prematurely by technically superior new equipment are getting exhausted after a time, because you cannot go on reducing the life-time of equipment indefinetely. 2) There is a very strong tendency to dump the output of new capacity abroad and not on the home market. Firms prefer to leave the oligopolistic equilibrium in the home market undisturbed and retain traditional mark up there. Their aggressive behaviour is turned towards the foreign markets where they compete with all means especually price competition. (Auszug, S. 6)