Head, Keith; Mayer, Thierry; Ries, John - C.E.P.R. Discussion Papers - 2002
Knickerbocker (1973) introduced ‘oligopolistic reaction’ to explain why firms follow rivals into foreign markets. We develop a model that incorporates central features of Knickerbocker's story-oligopoly, uncertainty, and risk aversion-to establish the conditions required to generate...