Moschini, GianCarlo; Hueth, Brent - Center for Agricultural and Rural Development (CARD), … - 2014
When the threat of entry by followers includes cooperative firms, the maximum fixed cost that a profit maximizing … leader can endure is endogenous. The aggressive strategy required for entry deterrence curtails the leader's expected profit … and can discourage its initial entry. In such circumstances a cooperative firm may yet be viable, despite having a cost …