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Entry and Cost Reduction
dc.contributor.authorVarian, Hal R.en_US
dc.date.accessioned2013-11-14T23:22:39Z
dc.date.available2013-11-14T23:22:39Z
dc.date.issued1994-05en_US
dc.identifier.otherMichU DeptE CenREST W94-04en_US
dc.identifier.otherD430en_US
dc.identifier.otherL130en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/101025
dc.description.abstractThere is a lot of anecdotal evidence that entry of new firms reduces not only prices but also costs. However, it is far from clear how this cost-reduction works. In this paper I investigate three models of how entry may cause cost reduction: managerial incentives, survival of the fittest, and imitation. The models have somewhat different implications for social welfare.en_US
dc.description.sponsorshipCenter for Research on Economic and Social Theory, Department of Economics, University of Michiganen_US
dc.relation.ispartofseriesWorking Paperen_US
dc.subjectIndustrial Organizationen_US
dc.subjectCompetitivenessen_US
dc.subjectEntryen_US
dc.subject.otherMarket Structure and Pricing: Oligopoly and Other Forms of Market Imperfectionen_US
dc.subject.otherOligopoly and Other Imperfect Marketsen_US
dc.titleEntry and Cost Reductionen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelSocial Sciencesen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/101025/1/ECON463.pdf
dc.owningcollnameEconomics, Department of - Working Papers Series


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