Does asymmetric information always help entry deterrence? Can it increase welfare?
This paper compares the scenarios of complete and incomplete information in a general model where the incumbent can make a capital investment to deter entry. We show that the informational structure can make an unexpected difference in terms of entry deterrence and efficiency. Although asymmetric in...
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| Format: | article |
| Language: | eng |
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2022
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| Online Access: | http://hdl.handle.net/10174/30589 |
| Country: | Portugal |
| Oai: | oai:dspace.uevora.pt:10174/30589 |