Why Barriers to Entry Are Barriers to Understanding
This paper discusses and criticizes the usual definitions of barriers to entry. The failure of the concept of barrier to entry to incorporate a time dimension means that it is a concept that is in need of additional embellishment in order to be useful in a practical problem or for antitrust or regulatory proceedings.
(This abstract was borrowed from another version of this item.)
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Volume (Year): 94 (2004)
Issue (Month): 2 (May)
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References listed on IDEAS
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- Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
- Demsetz, Harold, 1982.
"Barriers to Entry,"
American Economic Review,
American Economic Association, vol. 72(1), pages 47-57, March.
- Harold Demsetz, 1981. "Barriers to Entry," UCLA Economics Working Papers 192, UCLA Department of Economics.
- Stigler, George J., 1983. "The Organization of Industry," University of Chicago Press Economics Books, University of Chicago Press, edition 0, number 9780226774329, April. Full references (including those not matched with items on IDEAS)