haku: @author Ponssard, J.-P. / yhteensä: 4
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| Tekijä: | Gromb, D. Ponssard, J.-P. Sevy, D. |
| Otsikko: | Selection in dynamic entry games |
| Lehti: | Games and Economic Behavior
1997 : OCT/NOV, VOL. 21:1/2, p. 62-84 |
| Asiasana: | GAMES ECONOMIC BEHAVIOUR COMPETITION |
| Kieli: | eng |
| Tiivistelmä: | This paper proposes a game theoretic framework to study dynamic competition with entry deterrence. Sufficient conditions are given such that the competition process results in the most efficient firm being eventually selected. The author shows this selection property for asymmetric firms to be the natural economic extension to the rent dissipation property obtained for symmetric firms. This framework is used to discuss previous models in which the selection property had not been studied or may fail to hold. |
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