Xiao, Mo; Orazem, Peter F. - University of Arizona; Iowa State University - 2007
, rarely have economistsbeen able to examine how competition changes with the threat of entry.This paper uses the evolution of … adjusts its entry strategy when facing the threat ofadditional entrants. We identify the potential nth entrant into a … entry threat. We do not find evidence ofdelayed entry for firms following the 3rd entrant. The evidence suggeststhat the …