Entry Game: An incumbent faces the possibility of entry by a challenger. ... Hence, some Nash equilibria of dynamic games involve non-credible threats. ...
Limit pricing, entry deterrence and predatory ... Courts and policy-makers have traditionally been much more concerned ... look through chapter 12 in the text to see ...
Industries can have a 'revolving door' of small, new entrants, most of whom fail. ... The only difference between the incumbent and the entrant is that the entrant ...
Eg: purchase of a bank by an aircraft manufacturer. Horizontal mergers and the merger paradox ... V. A consumer suffers 'transport costs' td, where d is the ...