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Statements

Subject Item
n2:RIV%2F67985998%3A_____%2F12%3A00379839%21RIV13-AV0-67985998
rdf:type
skos:Concept n17:Vysledek
dcterms:description
Allowing for endogenous entry in the traditional Stackelberg setup with product differentiation, leads to reverting of the standard comparative static and limiting results. Unlike in the standard Stackelberg setup with barriers to entry, the leader’s profit increases when the differentiation becomes lower. The reason is that competition becomes tougher when products become more alike, and consequently, fewer firms enter in equilibrium. On the other hand, increasing product differentiation towards its limit results in number of entrants tending to infinity and for very large market, the profit of the leader approaches zero. Thus market structure approaches monopolistic competition, rather than the standard monopoly outcome that occurs with exogenous number of followers. Allowing for endogenous entry in the traditional Stackelberg setup with product differentiation, leads to reverting of the standard comparative static and limiting results. Unlike in the standard Stackelberg setup with barriers to entry, the leader’s profit increases when the differentiation becomes lower. The reason is that competition becomes tougher when products become more alike, and consequently, fewer firms enter in equilibrium. On the other hand, increasing product differentiation towards its limit results in number of entrants tending to infinity and for very large market, the profit of the leader approaches zero. Thus market structure approaches monopolistic competition, rather than the standard monopoly outcome that occurs with exogenous number of followers.
dcterms:title
Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results
skos:prefLabel
Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results
skos:notation
RIV/67985998:_____/12:00379839!RIV13-AV0-67985998
n17:predkladatel
n19:ico%3A67985998
n5:aktivita
n10:Z n10:I
n5:aktivity
I, Z(AV0Z70850503)
n5:cisloPeriodika
3
n5:dodaniDat
n9:2013
n5:domaciTvurceVysledku
n13:5085705
n5:druhVysledku
n14:J
n5:duvernostUdaju
n6:S
n5:entitaPredkladatele
n12:predkladatel
n5:idSjednocenehoVysledku
170869
n5:idVysledku
RIV/67985998:_____/12:00379839
n5:jazykVysledku
n16:eng
n5:klicovaSlova
Stackelberg leadership; product differentiation; endogenous entry
n5:klicoveSlovo
n11:product%20differentiation n11:Stackelberg%20leadership n11:endogenous%20entry
n5:kodStatuVydavatele
AT - Rakouská republika
n5:kontrolniKodProRIV
[38E31F0CB3C6]
n5:nazevZdroje
Journal of Economics
n5:obor
n8:AH
n5:pocetDomacichTvurcuVysledku
1
n5:pocetTvurcuVysledku
1
n5:rokUplatneniVysledku
n9:2012
n5:svazekPeriodika
106
n5:tvurceVysledku
Žigić, Krešimir
n5:wos
000305696800002
n5:zamer
n15:AV0Z70850503
s:issn
0931-8658
s:numberOfPages
12
n18:doi
10.1007/s00712-011-0246-4