The purpose of this paper is to study the effects of entry into the market for a single commodity in which both sellers …’ payoffs may increase. The conditions under which entry by new sellers raises the equilibrium payoffs of existing sellers are … sellers, and encompass entirely standard economic environments. Similar results are derived relating to the entry of …

The purpose of this paper is to study the effects of entry into the market for a single commodity in which both sellers …’ payoffs may increase. The conditions under which entry by new sellers raises the equilibrium payoffs of existing sellers are … sellers, and encompass entirely standard economic environments. Similar results are derived relating to the entry of …

We consider entry of additional firms into the market for a single commodity in which both sellers and buyers are … competition, contrary to the conventional wisdom. We characterize the conditions under which entry by new sellers may raise the …

We consider entry of additional firms into the market for a single commodity in which both sellers and buyers are … competition, contrary to the conventional wisdom. We characterize the conditions under which entry by new sellers may raise the …