Free entry under an output-cap constraint

DOI10.1016/J.ECONLET.2021.110192MaRDI QIDQ2069981zbMATH OpenOpenAlexFDO

Authors Hiroaki Ino, Toshihiro Matsumura

Publication date 21 January 2022

Published in Economics Letters (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1016/j.econlet.2021.110192

zbMATH Keywords

Cournot competitioncapacity constraintsharing economyexcess entry theoremprivate lodging business

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Welfare economics (91B15)

Recommendations

• Free entry versus socially optimal entry
• Price competition, free entry, and welfare in congested markets
• Market size, entry costs and free entry Cournot equilibrium
• Price caps, oligopoly, and entry
• Free versus second-best entry in Cournot oligopolies with firm-specific networks

Cites work

• Entry Barriers and Economic Welfare
• Free entry under common ownership
• How many firms should be leaders? Beneficial concentration revisited

Cited in

(4)

• Free entry does not imply zero profits
• Industry profits and free entry in input markets
• Price competition, free entry, and welfare in congested markets
• Excessive entry and the integer constraint with many firms: A note

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