| Title: |
Federal Reserve Board |
| Authors: |
Maura P. Doyle; Christopher M. Snyder; Jel Codes L |
| Contributors: |
The Pennsylvania State University CiteSeerX Archives |
| Source: |
http://www.cramton.umd.edu/workshop/papers/snyder-information-sharing.pdf. |
| Publication Year: |
1998 |
| Collection: |
CiteSeerX |
| Subject Terms: |
American Economic Association; Econometric Society; International Atlantic Economic Society |
| Description: |
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{1995, matching the production forecasts with data for actual monthly production. We show that a ¯rm's plan announcement a®ects 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 ¯rms share information about common demand parameters. |
| Document Type: |
text |
| File Description: |
application/pdf |
| Language: |
English |
| Relation: |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.217.5478 |
| Availability: |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.217.5478; http://www.cramton.umd.edu/workshop/papers/snyder-information-sharing.pdf |
| Rights: |
Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: |
edsbas.275E928C |
| Database: |
BASE |