Villemeur, Etienne Billette de; Cremer, Helmut; Roy, Bernard - Département Sciences Sociales, Agriculture et … - 2007
This paper studies a liberalized postal market where entrants may offer end-to-end products or concentrate on one of the segments of the network. Absent effective bypass, entry does not appear to be a serious financial threat to the incumbent, even when the products are perfect substitutes. This...