Entry and Exit Under Demand Uncertainty

Nikolaos Vettas ()

No 97-31, Working Papers from Duke University, Department of Economics

Abstract: This paper presents a dynamic model of entry and exit in competitive markets with demand uncertainty and Bayesian learning. There is a unique equilibrium path characterized by a pair of simple zero-expected profit equations.

JEL-codes: D8 L1 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (2)

Published in ECONOMICS LETTERS, Vol. 57, 1997, pages 227-234

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Journal Article: Entry and exit under demand uncertainty (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:duk:dukeec:97-31

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