Jensen, Paul; Krishna, Kala - In: The Journal of International Trade & Economic Development 8 (1999) 4, pp. 437-455
We examine the implications of free entry in the Indian automobile industry in a model that is calibrated to the Indian market using price, cost and production data from 1993 and 1994. In particular, we consider the effect that free entry has on prices, production levels and welfare. We have two...