Entry and Market Structure

Jati Sengupta
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Jati Sengupta: University of California

Chapter 4 in Dynamics of Entry and Market Evolution, 2007, pp 75-117 from Palgrave Macmillan

Abstract: Abstract The dynamics of entry behavior and its impact depend very critically on the type of market structure. If an industry has a large number of competitors and the market is competitive the Walrasian model of entry behavior provides an adequate approximation of the market evolution. However, if the number of firms is small and the market is oligopolistic, the entry behavior follows the strategies of a two-stage or multistage game between the incumbents and the potential entrants. There exist other types of market structures where the dynamics of entry behavior depend on the diffusion of a new technical innovation or a new product. Also in international markets entry occurs through joint ventures.

Keywords: Market Structure; Efficiency Score; Average Cost; Market Evolution; Coalition Structure (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-21101-8_4

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DOI: 10.1057/9780230211018_4

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