Imperfect competition, integer constraints and industry dynamics
Amir and Lambson (2003) developed an infinite-horizon, stochastic model of entry and exit by integer numbers of firms facing sunk costs and uncertain market conditions. Here, as examples of the model' usefulness, special cases are applied to the following three s issues: (1) the relationship between sunk costs and industry concentration, (2) entry when current profits are negative, and (3) the relationship between entry and the length of the product cycle.
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- Dewey, Donald, 1976. "Industrial Concentration and the Rate of Profit: Some Neglected Theory," Journal of Law and Economics, University of Chicago Press, vol. 19(1), pages 67-78, April.
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- Rabah Amir & Val E. Lambson, 1998. "On the Effects of Entry in Cournot Markets," CIE Discussion Papers 1998-06, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
- AMIR, Rabah & LAMBSON, Val, 1999. "On the effects of entry in Cournot markets," CORE Discussion Papers 1999059, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Rabah Amir, 2000. "On the Effects of Entry in Cournot Markets," Econometric Society World Congress 2000 Contributed Papers 1475, Econometric Society.
- Klepper, Steven & Simons, Kenneth L., 2005. "Industry shakeouts and technological change," International Journal of Industrial Organization, Elsevier, vol. 23(1-2), pages 23-43, February.
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- Amir, Rabah & Lambson, Val E., 2003. "Entry, exit, and imperfect competition in the long run," Journal of Economic Theory, Elsevier, vol. 110(1), pages 191-203, May.
- AMIR, Rabah & LAMBSON, Val E., "undated". "Entry, exit, and imperfect competition in the long run," CORE Discussion Papers RP 1651, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- AMIR, Rabah & LAMBSON, Val, 2003. "Entry, exit, and imperfect competition in the long run," CORE Discussion Papers 2003066, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Rabah Amir & Val E. Lambson, 2003. "Entry, Exit, and Imperfect Competition in the Long Run," CIE Discussion Papers 2003-03, University of Copenhagen. Department of Economics. Centre for Industrial Economics.
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- B. Douglas Bernheim, 1984. "Strategic Deterrence of Sequential Entry into an Industry," RAND Journal of Economics, The RAND Corporation, vol. 15(1), pages 1-11, Spring.
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- Lambson, V.E., 1989. "Industry Evolution With Sunk Costs And Uncertian Market Conditions," Working papers 8904, Wisconsin Madison - Social Systems.
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- Lambson, Val Eugene, 1987. "Is the Concentration-Profit Correlation Partly an Artifact of Lumpy Technology?," American Economic Review, American Economic Association, vol. 77(4), pages 731-733, September.
- Simon P. Anderson & Maxim Engers, 2001. "Preemptive entry in differentiated product markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 17(2), pages 419-445.
- Simon P. Anderson & Maxim Engers, "undated". "Preemptive Entry in Differentiated Product Markets," Virginia Economics Online Papers 334, University of Virginia, Department of Economics.
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- Ulrich Doraszelski & Mark Satterthwaite, 2003. "Foundations of Markov-Perfect Industry Dynamics. Existence, Purification, and Multiplicity," Discussion Papers 1383, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- La Manna, Manfredi M. A., 1986. "Why are profits correlated with concentration?," Economics Letters, Elsevier, vol. 22(1), pages 81-85. Full references (including those not matched with items on IDEAS)
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