Title of article
Free entry does not imply zero profits
Author/Authors
Sjaak Hurkens، نويسنده , , Nir Vulkan، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
6
From page
285
To page
290
Abstract
Traditional economic wisdom says that free entry in a market will drive profits down to zero. This paper shows that profits may remain bounded away from zero when firms have to make a negligible small investment to learn the demand.
Keywords
Entry deterrence , Information acquisition
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435299
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