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Anti-Limit Pricing

Byoung Jun () and In-Uck Park

No 503, Discussion Paper Series from Institute of Economic Research, Korea University

Abstract: Extending Milgrom and Roberts (1982) we present an infinite horizon entry model, where the incumbent(s) may use the current price to signal its strength to deter entry. We show that, due to the importance of entrants' types on the post-entry duopoly/oligopoly pro?ts, the incumbent(s) may want to signal its weakness to invite entry of weaker firms

JEL-codes: D42 D43 D82 L11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com and nep-mic
Date: 2005
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Journal Article: Anti-Limit Pricing (2010) Downloads
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