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| Author: | Maskin, E. S. |
| Title: | Uncertainty and entry deterrence |
| Journal: | Economic Theory
1999 : AUG, VOL. 14:2, p. 429-437 |
| Index terms: | UNCERTAINTY CAPACITY ECONOMICS |
| Language: | eng |
| Abstract: | This paper studies a model where capacity installation by an incumbent firm serves to deter others from entering the industry. Uncertainty about demand of costs forces the incumbent to choose a higher capacity level than it would under uncertainty. The higher level diminishes the attractiveness of deterrence. |
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