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In several interesting markets, demand is an increasing function of past sales because of learning, network externalities, or fashion. This paper examines entry into such markets.
Persistent link: https://www.econbiz.de/10005572239
In this paper we develop a theory of union bargaining power based on firm specific skills acquired by the insider workforce.
Persistent link: https://www.econbiz.de/10005582612
We study the effects of a change in some exogenous variable (the fixed cost or a parameter in the payoff functions) on the strategies played in a Symmetric Cournot Equilibrium with Free Entry (SCEFE). We also show that any observation on prices, profits and number of firms is compatible with the...
Persistent link: https://www.econbiz.de/10005823929
An important aspect of an organizational form is the extent to which it allows observation of payoff relevant environmental variables. For example, a firm operating in two locally separated markets can choose between appointing a central manager or two lacal managers. It is plausible that in the...
Persistent link: https://www.econbiz.de/10005168431
Persistent link: https://www.econbiz.de/10005168517