TRIGGER-POINT MECHANISM AND CONDITIONAL COMMITMENT: IMPLICATIONS FOR ENTRY, COLLUSION, AND WELFARE
نویسندگان
چکیده
منابع مشابه
Trigger-point Mechanism and Conditional Commitment: Implications for Entry, Collusion, and Welfare
When fixed, sunk investment costs are high, firms may not have sufficient incentive to enter the market unless future entry is constrained. In this case, the government faces a dilemma between a full commitment and noncommitment of restricted future entry. A way out is to consider a commitment conditional on the realization of the uncertain parameters, such as the trigger-point mechanism (TPM) ...
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ژورنال
عنوان ژورنال: Contemporary Economic Policy
سال: 2007
ISSN: 1074-3529,1465-7287
DOI: 10.1111/j.1465-7287.2006.00028.x