This note investigates the possibility of profit raising entry in network industries where firms follow Corporate … conventional wisdom and shows another channel the preceding literature has so far not explored for the possibility of a profit …

The authors study pure strategy Bertrand equilibria in a duopoly in which two firms produce a homogeneous good with … lower than the range of the equilibrium price in duopolistic equilibria under pure absolute profit maximization, and the … larger the weight on the relative profit, the narrower and lower the range of the equilibrium price. In this sense relative …