Barriers to entry and strategic competition

Author: J. Scott Roski et al. / Cui Xiaogang
Publisher:
Publish Date: 2004-09-01
Features: This monograph reviews a wide range of literature on market entry and strategic competition. It first focuses on barriers to entry and the role of incumbent behavior in shaping entry conditions. Special attention is given to the incumbent's ability to sustain supernormal profits over the long term, as well as the empirical studies examined on entry conditions and post-entry effects. Next, it explores the relationship between entry conditions and exit conditions, followed by an analysis of dynamic price-cap theory. Finally, the authors provide a review of empirical models of entry and strategic behavior. This book is highly inspirational for economics students and practitioners in their learning and research endeavors.