search query: @author Albach, H. / total: 43
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| Author: | Albach, H. Krupa, E. Köster, D. |
| Title: | Entry, entry-terrence and exit: A study of the market for CFC's |
| Journal: | Kyklos
1998 : VOL. 51:4, p. 469-488 |
| Index terms: | ENTRY CONDITIONS EXIT CONDITIONS DEMAND OLIGOPOLY ENVIRONMENTAL DAMAGE ENVIRONMENT |
| Language: | eng |
| Abstract: | A model of exit from a market for an environmentally harmful intermediate product is developed. An atomistic structure of the demand side keeps firms in a technology trap. An oligopolistic structure of the demand side helps reduce the initial losses of market entry with a new less harmful product by reducing customer selection costs and granting production experience effects. Information intermediaries on the demand side further reduce transaction costs and help provide installed-base-effects which protect first- mover-profits of the entrant against competitive reaction of the incumbent firms. |
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