Anti-Limit Pricing

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概要

• 論文の詳細を見る

• Extending Milgrom and Roberts (1982), we analyze an infinite horizon entry model where an incumbent may use its current price to signal its strength, in order to deter entry. In contrast with conventional limit pricing, we show the entry of weaker firms. We also provide necessary and sufficient conditions for this phenomenon to arise in equilibrium, in the benchmark cases that no second entry is profitable.

• 一橋大学の論文

著者

• Park In-uck

  University Of Bristol

• Jun Byoung

  Korea University

関連論文

• Anti-Limit Pricing

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