Espinola-Arredondo, Ana; Munoz-Garcia, Felix - In: Strategic Behavior and the Environment 3 (2013) 4, pp. 251-278
We examine an entry-deterrence model with multiple incumbents who strategically increase their individual appropriation in order to prevent entry. We show that entry deterrence yields a welfare improvement, relative to contexts of unthreatened entry, if firms exploit a relatively scarce...