The Effect of Asymmetric Entry Costs on Bertrand Competition by Federal Trade Commission

The Effect of Asymmetric Entry Costs on Bertrand Competition

Federal Trade Commission

26 pages missing pub info (editions)

nonfiction business economics
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By permitting firms to have different entry costs, I generalize two previously studied models of two-stage entry and pricing amongst Bertrand competitors. I find that the existing results depend critically on the symmetry assumption. For example, ...

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