ENTRY IN A STACKELBERG PERFECTEQUILIBRIUM

This paper considers welfare effects of entry when the incumbent firmbehaves like a Stackelberg leader in the product market. In contrast to previous work(Klemperer, 1988, Journal of Industrial Economics), we show that entry may alwaysincrease welfare. Using general demand function, we show the condition for welfareimproving entry...

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Year of publication:	2005-06-01
Authors:	Mukherjee, Arijit
Institutions:	University <Nottingham> / Department of Economics
Subject:	Wettbewerb \| market microstructure \| Produkt \| Beitritt \| Gleichgewicht \| Wohlfahrt \| Welfarism

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Extent:	146432 bytes 15 p. application/pdf
Series:	The University of Nottingham / School of Economics - discussion papers Discussion PaperNo. 05/05
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1360-2438
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; L13 - Oligopoly and Other Imperfect Markets ; O34 - Intellectual Property Rights: National and International Issues ; Specific management methods ; Market research ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868767