Rent dissipation in repeated entry games: some new results
AbstractTwo-player infinitely-repeated-entry games are revisited using a new Markov equilibrium concept. The idea is to have an incumbent facing a hit and run entrant. Rent dissipation no longer necessarily holds. It will not when competition is tough in case of entry. Similarities and differences with previous approaches are analyzed. Several economic illustrations are discussed.
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Date of creation: 09 Mar 2004
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- Jean-Pierre Ponssard, 2004. "Rent Dissipation in Repeated Entry Games: Some New Results," CESifo Working Paper Series 1186, CESifo Group Munich.
- NEP-ALL-2004-03-14 (All new papers)
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