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| Author: | Kawano, M. |
| Title: | Protection policy in a growing market where the entrant is a big firm |
| Journal: | Economic Studies Quarterly
1994 : JUN, VOL. 45:2, p. 106-118 |
| Index terms: | POLICY COMPANIES MARKETING |
| Language: | eng |
| Abstract: | A big firm is aiming to enter a small and growing market. When should this entry be permitted for the benefit of the consumers and the incumbent firm? The author considers this problem in the framework of continuous dynamics. The entrant is a big firm that commits to keep its large level of capital constant. Hence the large firm will have the stronger position in the market compared with the incumbent firm. Given the entry time announced by the government, the incumbent accumulates capital so as to maximize profit over time. |
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