caa a22 4500 475797701 CHVBK 20180406123729.0 cr unu---uuuuu 170329e20000201xx s 000 0 eng 10.1007/BF01231487 doi (NATIONALLICENCE)springer-10.1007/BF01231487 de Vaal Albert Department of Applied Economics, Faculty of Policy Sciences, University of Nijmegen, 6500 HK, P.O. Box 9108, Nijmegen, The Netherlands aut Are you being served? A general-equilibrium analysis of flexibility in production [Elektronische Daten] [Albert de Vaal] In this paper firms may deviate from standard product specifications by investing in flexible production. In a two-sector general-equilibrium model that features consumer preferences with a desire for customization and in which the fixed cost of manufacturing production depend on the extent of flexibility chosen, we find that flexibility in production increases aggregate welfare. Moreover, we find that the symmetric equilibrium with positive (excess) profits welfare dominates the equilibrium with zero profits. Springer-Verlag, 2000 flexibility in production nationallicence differentiated products nationallicence ideal variety approach nationallicence general-equilibrium model nationallicence D43 nationallicence L13 nationallicence Journal of Economics Springer-Verlag 72/1(2000-02-01), 19-43 0931-8658 72:1<19 2000 72 712 https://doi.org/10.1007/BF01231487 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01231487 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- de Vaal Albert Department of Applied Economics, Faculty of Policy Sciences, University of Nijmegen, 6500 HK, P.O. Box 9108, Nijmegen, The Netherlands aut NATIONALLICENCE 773 0- Journal of Economics Springer-Verlag 72/1(2000-02-01), 19-43 0931-8658 72:1<19 2000 72 712 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer