. "RIV/00216208:11640/08:00314841!RIV09-MSM-11640___" . . "1"^^ . . . "1"^^ . . . "[DFBC65AA21A6]" . "369" . . "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" . "P(LC542), Z(MSM0021620846)" . "\u017Digi\u0107, Kre\u0161imir" . . "Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results"@en . "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." . "Stackelbergerovsk\u00E9 v\u016Fdcovstv\u00ED s produktovou diferenciac\u00ED a endogenn\u00EDm vstupem: porovn\u00E1vac\u00ED anal\u00FDza a limitn\u00ED p\u0159\u00EDpady"@cs . "RIV/00216208:11640/08:00314841" . "11640" . "CZ - \u010Cesk\u00E1 republika" . "Dovol\u00EDme-li v tradi\u010Dn\u00EDm Stackelbergerov\u011B uspo\u0159\u00E1d\u00E1n\u00ED s produktovou diferenciac\u00ED endogenn\u00ED vstup, z\u00EDsk\u00E1me opa\u010Dn\u00E9 v\u00FDsledky ne\u017E v tradi\u010Dn\u00EDm uspo\u0159\u00E1d\u00E1n\u00ED. Na rozd\u00EDl od tradi\u010Dn\u00EDho Stackelbergerovsk\u00E9ho uspo\u0159\u00E1d\u00E1n\u00ED se zisk v\u016Fdce na trhu zv\u011Bt\u0161uje s klesaj\u00EDc\u00ED diferenciac\u00ED. D\u016Fvodem je tvrd\u0161\u00ED konkurence vze\u0161l\u00E1 z pravd\u011Bpodobn\u011Bj\u0161\u00EDho v\u00FDskytu produkt\u016F, co\u017E znamen\u00E1 m\u00E9n\u011B firem vstupuj\u00EDc\u00EDch na trh. Na druhou stranu stoupaj\u00EDc\u00ED diferenciace produkt\u016F sm\u011Brem k jejich mo\u017Enostem vy\u00FAs\u0165uje v nekone\u010Dn\u00FD po\u010Det vstupuj\u00EDc\u00EDch subjekt\u016F na trh. Pro velk\u00E9 trhy pak zisk v\u016Fdce postupn\u011B vymiz\u00ED. Tedy struktura trhu se sp\u00ED\u0161e bl\u00ED\u017E\u00ED k monopolistick\u00E9 konkurenci ne\u017E k standartn\u00EDmu monopolistick\u00E9mu v\u00FDstupu s exogenn\u00EDm po\u010Dtem n\u00E1sledovn\u00EDk\u016F."@cs . . . "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."@en . . . . . "Stackelberg leadership with product differentiation and endogenous entry: some comparative static and limiting results"@en . "Stackelbergerovsk\u00E9 v\u016Fdcovstv\u00ED s produktovou diferenciac\u00ED a endogenn\u00EDm vstupem: porovn\u00E1vac\u00ED anal\u00FDza a limitn\u00ED p\u0159\u00EDpady"@cs . "396912" . "1211-3298" . . . "CERGE-EI Working Paper Series" . "12"^^ . "Stackelberg leadership; product differentiation; endogenous entry"@en .