Predation, reputation, and entry deterrence

Economists often argue that predatory practices are irrational, since there exist cheaper or more certain means to gain or maintain a monopoly. Our gametheoretic, equilibrium analysis suggests that if a firm is threatened by several potential entrants, then predation may be rational against early en...

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Bibliographic Details
Main Authors: Milgrom, Paul, Roberts, John
Format: Book
Published: New York Academic Press August 1982
Series:Journal of Ecconomic Theory n. 2
Subjects:

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