Credible Spatial Preemption

نویسندگان

چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Credible Capacity Preemption in a Duopoly Market under Uncertainty

This paper explores firms’ incentives to engage in capacity preemption using a continuous-time real options game. Two ex ante identical firms can choose capacity and investment timing regarding the entry into a new industry whose demand grows until an unknown maturity date, after which it declines until it disappears. Previous literature usually predicts that the Stackelberg leader, whether end...

متن کامل

Branding and Spatial Preemption: An Application to the Hospitality Industry

In many settings where spatial preemption might be expected to produce tightly concentrated industry structures, firms share the market instead. Using a strategic investment model, I show that this can be rationalized by accounting for heterogeneity in consumer demand, particularly with respect to branding. I present an empirical example using data on the branded segment of the lodging industry...

متن کامل

Credible implementation

The theory of implementation abounds with mechanisms with intricate systems of rewards and punishments off-the-equilibrium path. Generally, it is not in the designer’s best interest to go through with the reward/punishment in the “subgame” arising from some disequilibrium play. This would make the mechanism’s outcome function non-credible. We define a notion of credible implementation and, in t...

متن کامل

Trumping Preemption

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...

متن کامل

Credible Ratings

This paper considers a model of a rating agency with multiple clients, in which each client has a separate market that forms a belief about the quality of the client after the agency issues a rating. When the clients are rated separately (individual rating), the credibility of a good rating is limited by the incentive of the agency to exaggerate the quality of its client. In centralized rating,...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: The RAND Journal of Economics

سال: 1985

ISSN: 0741-6261

DOI: 10.2307/2555407