Market Structure and Entry: Where's the Beef?

Otto Toivanen and Michael Waterson

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: We study the effects of market structure on entry using data from the UK fast food (counter-service burger)industry over the years 1991-1995. Over this period, the market can be characterized as a duopoly. We find that market structure matters greatly: for both firms, rival presence increases the probability of entry. We control for market specific time-invariant unobservable and their correlation with existing outlets of both firms through a variety of methods.

Keywords: LEARNING; MARKET; DUOPOLY (search for similar items in EconPapers)
JEL-codes: D83 L11 L13 L81 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

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https://warwick.ac.uk/fac/soc/economics/research/workingpapers/2008/twerp593.pdf

Related works:
Journal Article: Market Structure and Entry: Where's the Beef? (2005)
Working Paper: MARKET STRUCTURE AND ENTRY: WHERE’S THE BEEF? (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:593

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