Limit pricing and strategic investment

被引：0
|
作者：
Brighi, Luigi [1 ]
D'Amato, Marcello [2 ]
机构：
[1] Univ Modena & Reggio Emilia, Modena, Italy
[2] Univ Napoli Suor Orsola Benincasa, Naples, Italy
来源：
ECONOMICS BULLETIN | 2022年 / 42卷 / 04期
关键词：
ENTRY;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study an entry model where an incumbent privately informed about costs can make a cost -reducing investment choice, along with a pricing decision, in order to prevent a competing firm from entering the market. We show that if limit pricing per se can not deter profitable entry, the opportunity to undertake a strategic investment does not provide an additional instrument for the achievement of this goal to the incumbent.
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页码：1946 / 1954
页数：9
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