Entry With Private Information

Boyan Jovanovic ()

Bell Journal of Economics, 1981, vol. 12, issue 2, 649-660

Abstract: Models of firms' location in new markets, and certain repeated games have the feature that players must make location decisions (either in geographical space or in product-characteristics space) in an uncertain environment and without the precise knowledge of where other entrants will locate. This article presents a noncooperative equilibrium in which entrants locate rationally in the light of information available to them. This equilibrium is similar in spirit to the type of equilibrium used in the auction literature by Wilson (1977), Matthews (1979), and Holt (1979). The main difference is that in the location game players are not in a win-or-lose situation, but rather they have a chance of obtaining a market share anywhere between zero and one.

Date: 1981
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819812 ... O%3B2-W&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rje:bellje:v:12:y:1981:i:autumn:p:649-660

Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().