Amir, Rabah
Lambson, Val
Amir and Lambson (2003) developed an infinite-horizon, stochastic model of entry and exit by integer numbers of firms facing sunk costs and uncertain market conditions. Here, as examples of the model' usefulness, special cases are applied to the following three s issues: (1) the relationship between sunk costs and industry concentration, (2) entry when current profits are negative, and (3) the relationship between entry and the length of the product cycle.
Référence bibliographique |
Amir, Rabah ; Lambson, Val. Imperfect competition, integer constraints and industry dynamics. ECON Discussion Papers ; 2004/73 (2004) |
Permalien |
http://hdl.handle.net/2078.1/4771 |