Mukherjee, Arijit; Broll, Udo; Mukherjee, Soma - School of Economics, University of Nottingham
In a successive Cournot oligopoly, we show the welfare effects of entry in the final goods market with no scale … always increases welfare. If the input market is moderately concentrated, entry in the final goods market reduces welfare if … final goods market reduces welfare if the entrant is very much cost inefficient than the incumbents. Hence, entry in the …
