Entry Effects under Classical Oligopoly
Ian Molho
(Department of Economics, University of Newcastle upon Tyne, UK)
2505
Abstract
Sets out a version of a standard conjectural‐variations oligopoly model, and investigates the properties of that model with respect to the effects of entry. Shows within this context that entry unambiguously reduces incumbents′ margins and output, while raising industry output. Also shows that higher degrees of collusion in an industry may induce entry at increased levels of output.
Keywords
Citation
Molho, I. (1994), "Entry Effects under Classical Oligopoly", Journal of Economic Studies, Vol. 21 No. 6, pp. 19-25. https://doi.org/10.1108/01443589410071409
Publisher
:MCB UP Ltd
Copyright © 1994, MCB UP Limited