Imperfect Competition, Integer Constraints and Industry Dynamics

Amir and Lambson (2003) developed an infinite-horizon, stochastic model of entry and exit by integer numbers of firms facing sunk costs and uncertain market conditions. Here, as examples of the model's usefulness, special cases are applied to the following three issues: (1) the relationship between sunk costs and industry concentration, (2) entry when current profits are negative, and (3) the relationship between entry and the length of the product cycle

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Year of publication:	2006
Authors:	Amir, Rabah ; Lambson, Val E.
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Unvollkommener Wettbewerb \| Imperfect competition \| Markteintritt \| Market entry \| Marktaustritt \| Market exit \| Dynamisches Spiel \| Dynamic game \| Sunk Costs \| Sunk costs \| Produktlebenszyklus \| Product life cycle

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Extent:	1 Online-Ressource (15 p)
Series:	CORE Discussion Paper ; No. 2004/42
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 2004 erstellt
Other identifiers:	10.2139/ssrn.939530 [DOI]
Classification:	C73 - Stochastic and Dynamic Games ; D43 - Oligopoly and Other Forms of Market Imperfection ; L13 - Oligopoly and Other Imperfect Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014055103