DOES BANNING PRICE DISCRIMINATION PROMOTE ENTRY AND INCREASE WELFARE? A MODEL OF DIFFERENTIATED-PRODUCT DUOPOLY WITH ASYMMETRIC MARKETS*
نویسندگان
چکیده
منابع مشابه
Preemptive Entry in Differentiated Product Markets
Models of spatial competition are typically static, and exhibit multiple freeentry equilibria. Incumbent firms can earn rents in equilibrium because any potential entrant expects a significantly lower market share (since it must fit into a niche between incumbent firms) along with fiercer price competition. Previous research has usually concentrated on the zero-profit equilibrium, at which ther...
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Article history: Received 27 February 2012 Available online 4 November 2013 JEL classification: C72 D43 l13
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ژورنال
عنوان ژورنال: The Manchester School
سال: 2012
ISSN: 1463-6786
DOI: 10.1111/j.1467-9957.2012.02307.x