Bagwell, Kyle (contributor); Wolinsky, Asher (contributor) - 2002 - [Elektronische Ressource]
the
incumbent would choose to maintain its pre-entry price in the event that entry
actually occurred. Furthermore, if we … specify that the entrant is very optimistic and infers high
costs upon observing a deviant price. In this event, the incumbent … pricing in anti-competitive
7
A recent empirical analysis is o¤ered by Kadiyali (1996), who studies the U.S. photographic
…lm …