Brandts, Jordi; Giritligil, Ayça Ebru - Departament d'Economia i Història Econòmica, … - 2006
We study competition in experimental markets in which two incumbents face entry by three other firms. Our treatments … vary with respect to three factors: sequential vs. block or simultaneous entry, the cost functions of entrants and the … amount of time during which incumbents are protected from entry. Before entry incumbents are able to collude in all cases …