and the possibility of side payments. With incompatibility, entry deterrence occurs for sufficiently strong network …

, it later “tips” to monopoly, after which entry is hard, often even too hard given incompatibility. And while switching … costs can encourage small-scale entry, they discourage sellers from raiding one another's existing customers, and so also … discourage more aggressive entry. Because of these competitive effects, even inefficient incompatible competition is often more …

, it later 'tips' to monopoly, after which entry is hard, often even too hard given incompatibility. And while switching … costs can encourage small-scale entry, they discourage sellers from raiding one another’s existing customers, and so also … discourage more aggressive entry. Because of these competitive effects, even inefficient incompatible competition is often more …

vertical product differentiation and entry. Both firms face fixed set-up costs and quality-dependent costs of production, and … compete on quality and price. With identical quality-dependent costs, the incumbent will always deter entry if possible, i ….e. if fixed costs are high. Quality will be set at a level lower than the optimal quality set if entry was accommodated. If …

We analyze firms' entry, production and hedging decisions under imperfect competition. We consider an oligopoly … industry producing a homogeneous output in which risk-averse firms face an entry cost upon entering the industry, and then … literature (without entry), both production and output price depend on uncertainty and risk aversion. Specifically, when entry is …