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Rent dissipation in repeated entry games: some new results

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  • Jean Pierre Ponssard

Abstract

Two-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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  • Jean Pierre Ponssard, 2004. "Rent dissipation in repeated entry games: some new results," Levine's Bibliography 122247000000000082, UCLA Department of Economics.
    • Handle: RePEc:cla:levrem:122247000000000082
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