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- Title
Excessive entry and the integer constraint with many firms: a note.
- Authors
Galera, Francisco; Garcia-del-Barrio, Pedro
- Abstract
This paper studies the excessive entry bias in a market with many firms. We show that the integer constraint may be relevant regardless of the number of firms. A more sensible interpretation of one of the assumptions proposed by Mankiw and Whinston (RAND J Econ 17(1):48-58, ) plays a major role in the importance of the integer constraint. Consequently, we reach different policy conclusions.
- Subjects
SOCIAL services; PUBLIC welfare; OLIGOPOLIES; ECONOMIC competition; DISECONOMIES of scale; BUSINESS enterprises; CONTESTS
- Publication
Journal of Economics, 2011, Vol 103, Issue 3, p271
- ISSN
0931-8658
- Publication type
Article
- DOI
10.1007/s00712-010-0188-2