Industrial entry deterrence is typically studied in a setting where an established firm or firms confront and attempt to deter a single potential competitor. During the evolution of most industries, however, a sequence of firms enters (or attempts to enter) at distinct points in time....

Traditional analyses of industrial behavior typically link the exercise of market power in an industry to internal features such as demand conditions, concentration, and barriers-to-entry. Nevertheless, some economists have remained concerned that external factors, such as contact across...

In a variety of markets firms voluntarily and independently delegate control over certain aspects of marketing to common agents. In this article we present an explicit model of agency delegation where firms noncooperatively select agents, name output prices, and choose compensation schemes. We...