Free entry under an output-cap constraint

Hiroaki Ino and Toshihiro Matsumura

No 229, Discussion Paper Series from School of Economics, Kwansei Gakuin University

Abstract: This study considers a peer-to-peer market with capacity-constrained suppliers. We examine a free-entry market of individual suppliers and discuss the welfare consequences of free entry. We show that the number of entries is socially optimal.

Keywords: sharing economy; Cournot competition; excess entry theorem; private lodging businesses; capacity constraint (search for similar items in EconPapers)
JEL-codes: D43 K25 L13 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2021-09
New Economics Papers: this item is included in nep-com, nep-ind, nep-isf and nep-mic
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http://192.218.163.163/RePEc/pdf/kgdp229.pdf First version, 2021 (application/pdf)

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Journal Article: Free entry under an output-cap constraint (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:kgu:wpaper:229

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