haku: @author Anderson, S. P. / yhteensä: 14
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| Tekijä: | Anderson, S. P. Engers, M. |
| Otsikko: | Preemptive entry in differentiated product markets |
| Lehti: | Economic Theory
2001 : VOL. 17:2, p. 419-145 |
| Asiasana: | PRODUCT DIFFERENTIATION RENTS ENTRY CONDITIONS |
| Kieli: | eng |
| Tiivistelmä: | The authors start with describing the properties of the model of product differentiation. Then they determine the equilibrium of the atemporal model of sequential location choice; later they use that analyses to determine the equilibrium entry time in the full model. Later they show that the equilibrium locations in the timing game are inferior even in a static sense to those of almost any simultaneous-entry equilibrium, suggesting that performance in differentiated product markets may be much worse than implied by the usual analysis. The performance issue is later addressed in this paper and shows that an entry subsidy is never optimal despite the small number of firms in the market. |
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