To Acquire, or To Compete? An Entry Dilemma
AbstractIn this paper we address the following question : is it more profitable, for an entrant in a differentiated market, to acquire an existing firm than to compete? We illustrate the answer by considering competition in the banking sector.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Industry, Competition and Trade.
Volume (Year): 11 (2011)
Issue (Month): 4 (December)
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Web page: http://springerlink.metapress.com/link.asp?id=105724
vertical differentiation; acquisition; entry; banking competition; G34; L13; L22;
Other versions of this item:
- Jean J. GABSZEWICZ & Didier, LAUSSEL & Ornella, TAROLLA, 2008. "To acquire or to compete ? An entry dilemna," Discussion Papers (ECON - DÃ©partement des Sciences Economiques) 2008019, Université catholique de Louvain, Département des Sciences Economiques.
- GABSZEWICZ, Jean & LAUSSEL, Didier & TAROLA, Ornella, 2008. "To acquire, or to compete? An entry dilemna," CORE Discussion Papers 2008027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jean Gabszewicz & Didier Laussel & Ornella Tarola, . "To acquire, or to compete? An entry dilemma," Working Papers 4/10, Sapienza University of Rome, DTE.
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
- L8 - Industrial Organization - - Industry Studies: Services
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