We build a game theoretical model to examine how the level of information advantage of insiders and the competition … that the competition between insiders and sophisticated investors can reduce the losses of less sophisticated investors …

whenever the market reaches new lows and entry becomes a distant threat; equilibrium strategies thus exhibit path dependence …

Extending Milgrom and Roberts (1982) we present an infinite horizon entry model, where the incumbent(s) may use the … current price to signal its strength to deter entry. We show that, due to the importance of entrants' types on the post-entry … duopoly/oligopoly profits, the incumbent(s) may want to signal its weakness to invite entry of weaker firms …

trunk operators must have access to the local network of an incumbent firm to provide their long-distance service. The paper …

market is crucial in many utility industries that use a network. When downstream firms have different degrees of efficiency …, regulatory constraints are being progressively removed as competition develops. This paper deals with one of such constraints …

. -- insider ; competition ; asset market ; price efficiency ; trading behavior ; experimental economics …