NAKANISHI, NORITSUGU - In: International Game Theory Review (IGTR) 09 (2007) 02, pp. 243-268
We examine the long-run outcomes under free entry-exit when each firm not only takes account of the effects of her own entry-exit on the market structure but also takes full account of the effects due to other firms' simultaneous entry-exit. Adopting the framework of the theory of social...