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- Title
Entry, market structures and welfare.
- Authors
Mishra, Suryaprakash
- Abstract
Conventionally, entry is thought to enhance welfare by enhancing competition and hence lowering prices and increasing the output. Contrary to the conventional wisdom, working with an n -firm Cournot oligopoly set up and using the trigger strategies, we show that entry may or may not impact welfare. However, entry has the potential to alter the market structure from collusion to Cournot competition, and when it does so, there is a discontinuous rise in welfare.
- Subjects
MARKET design &; structure (Economics); PRICE increases; OLIGOPOLIES; COLLUSION; MARKET potential
- Publication
Journal of Economics, 2024, Vol 142, Issue 3, p267
- ISSN
0931-8658
- Publication type
Article
- DOI
10.1007/s00712-024-00859-w