• Title of article

    Entry and exit under demand uncertainty

  • Author/Authors

    Nikolaos Vettas، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1997
  • Pages
    8
  • From page
    227
  • To page
    234
  • Abstract
    This paper presents a dynamic model of entry and exit in competitive markets with demand uncertainty and Bayesian learning. There is a unique equilibrium path characterized by a pair of simple zero-expected profit equations.
  • Keywords
    industry dynamics , Bayesian learning , Entry and exit
  • Journal title
    Economics Letters
  • Serial Year
    1997
  • Journal title
    Economics Letters
  • Record number

    434448

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=434448