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Market Structure and Entry: Where's the Beef? Author info | Abstract | Publisher info | Download info | Related research | Statistics Toivanen, O.
Waterson, M.
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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.
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Paper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number
593.
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Length: 52 pages
Date of creation: 2001Date of revision:
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Keywords: LEARNING ; MARKET ; DUOPOLY ; Other versions of this item:
Find related papers by JEL classification: L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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