Stranger, Greg; Greenstein, Shane - In: International Journal of Industrial Organization 26 (2008) 3, pp. 625-642
We examine the relationship between changes in price levels and the evolution of the market for dial-up ISPs in the United States from November 1993 to January 1999. This was a period of much entry and exit and new product introduction. We show that new firms enter the market at a small but...