Entry and market selection of firms: A laboratory study
| dc.contributor.author | Giritligil, Ayça Ebru | |
| dc.date.accessioned | 2021-06-17T07:40:30Z | |
| dc.date.available | 2021-06-17T07:40:30Z | |
| dc.date.issued | 2008-12 | |
| dc.description.abstract | We study how markets adjust to the entry of new firms under different conditions. Two incumbents face entry by three other firms. When firms' costs are equal, entry always leads consumer surplus and profits to their equilibrium levels. When entrants are more efficient than incumbents, entry leads consumer surplus to equilibrium. With cost asymmetries, market behavior is satisfactory from the consumers' standpoint but does not yield adequate signals to other potential entrants. Simultaneous entry is in the short run more favorable to consumers than sequential entry. A longer incumbency phase favors consumers after entry. © 2008 Elsevier B.V. All rights reserved. | en_US |
| dc.fullTextLevel | Full Text | en_US |
| dc.identifier.doi | 10.1016/j.jebo.2008.06.012 | |
| dc.identifier.issn | 0167-2681 | |
| dc.identifier.scopus | 2-s2.0-56249104115 | en_US |
| dc.identifier.uri | https://hdl.handle.net/11411/3815 | |
| dc.identifier.uri | https://doi.org/10.1016/j.jebo.2008.06.012 | |
| dc.identifier.wos | WOS:000261846200013 | en_US |
| dc.identifier.wosquality | Q1 | en_US |
| dc.indekslendigikaynak | Web of Science | en_US |
| dc.indekslendigikaynak | Scopus | en_US |
| dc.issue | 45385 | en_US |
| dc.language.iso | en | en_US |
| dc.national | International | en_US |
| dc.numberofauthors | 2 | en_US |
| dc.pages | 593 - 612 | en_US |
| dc.relation.ispartof | Journal of Economic Behavior and Organization | en_US |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | Experiments | en_US |
| dc.subject | Imperfect competititon | en_US |
| dc.subject | Market selection | en_US |
| dc.title | Entry and market selection of firms: A laboratory study | |
| dc.type | Article | |
| dc.volume | 68 | en_US |
