Showing 1 - 10 of 56
, including the relationship between the Herfindahl index and social welfare, free versus socially optimal entry, concentration …
Persistent link: https://www.econbiz.de/10010278106
An infinite-horizon, stochastic model of entry and exit with sunk costs and imperfect competition is constructed …. Simple examples provide insights into: (1) the relationship between sunk costs and industry concentration, (2) entry when … current profits are negative, and (3) the relationship between entry and the length of the product cycle. A subgame perfect …
Persistent link: https://www.econbiz.de/10005749434
, including the relationship between the Herfindahl index and social welfare, free versus socially optimal entry, concentration …
Persistent link: https://www.econbiz.de/10005749769
, including the relationship between the Herfindahl index and social welfare, free versus socially optimal entry, concentration …
Persistent link: https://www.econbiz.de/10005232965
This paper provides a thorough analysis of oligopolistic markets with positive demand-side network externalities and perfect compatibility. The minimal structure imposed on the model primitives is such that industry output increases in a firm's rivals' total output as well as in the expected...
Persistent link: https://www.econbiz.de/10009408045
of free entry equilibrium for network industries. The approach relies on lattice-theoretic methods, which allow for a …
Persistent link: https://www.econbiz.de/10014201449
This paper provides a thorough analysis of oligopolistic markets with positive demand-side network externalities and perfect compatibility. The minimal structure imposed on the model primitives is such that industry output increases in a firm's rivals' total output as well as in the expected...
Persistent link: https://www.econbiz.de/10010307665
This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private - domestic or foreign - firm competes with a public, welfare maximizing firm. We show that simultaneous play never emerges as a subgame-perfect equilibrium of the extended game, in sharp...
Persistent link: https://www.econbiz.de/10010335329
This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private domestic or foreign firm competes with a public, welfare maximizing firm. We show that simultaneous play never emerges as a subgame-perfect equilibrium of the extended game, in sharp...
Persistent link: https://www.econbiz.de/10010343823
This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private – domestic or foreign – firm competes with a public, welfare maximizing firm. We show that simultaneous play never emerges as a subgame-perfect equilibrium of the extended game, in...
Persistent link: https://www.econbiz.de/10013072586