search query: @author Regibeau, P. / total: 4
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| Author: | Metutes, C. Regibeau, P. |
| Title: | Standardization across markets and entry. |
| Journal: | Journal of Industrial Economics
1989 : JUN, VOL. 37:4, p. 359-371 |
| Index terms: | INDUSTRIAL ECONOMICS CONSUMER MARKETS ENTRY CONDITIONS ECONOMETRIC MODELS |
| Language: | eng |
| Abstract: | In many industries, consumers combine several components to build their own "system". The incentives to standardize among firms selling a single component to consumers who have already acquired the rest of the system are analyzed. By selling a component that can work with different systems, a firm credibly commits itself to charging the same price in all the submarkets. It is shown that this can be an optimal strategy for an incumbent who wants to restrict the scope of entry. The results are compared with the results deduced from a two-period model developed by D. Fudenberg and J. Triole in 1986. |
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