Autore
Martin, Stephen

Titolo
Oligopoly limit pricing with firm-specific cost uncertainty
Periodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1992 - Fascicolo: 100 - Pagina iniziale: 1 - Pagina finale: 17

Bagwell and Ramey (1991) show that limit pricing does not occur as an equilibrium strategy in oligopoly if entrants are uncertain about an industry cost parameter. I show that if entrants are uncertain about firm-specific cost parameters of oligopoly incumbents, there are pooling equilibria in which incumbents deter entry by high-cost entrants.



Testo completo: http://hdl.handle.net/1814/402

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