Price caps, oligopoly, and entry
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DOI: 10.1007/s00199-016-0963-6
Abstract: We extend the analysis of price caps in oligopoly markets to allow for sunk entry costs and endogenous entry. In the case of deterministic demand and constant marginal cost, reducing a price cap yields increased… read more here.
Keywords: cap; caps oligopoly; price; price caps ... See more keywords