Lender learning and entry under demand uncertainty
Neelam Jain ()
Economics Bulletin, 2009, vol. 29, issue 1, 100-107
Abstract:
This paper examines the effect of demand uncertainty on the properties of the first period contract between a lender and the incumbent, when there is a threat of entry. The main findings are that unlike the cost uncertainty case, entry has no effect on the incumbent's incentives and it leads the lender to learn less.
JEL-codes: D4 D8 (search for similar items in EconPapers)
Date: 2009-02-15
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-08d80038
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