Preemption, Divestiture, and Forward Contracting in a Market Dominated by a Single Firm

Loading...
Thumbnail Image

Date

1983

Journal Title

Journal ISSN

Volume Title

Repository Usage Stats

487
views
595
downloads

Abstract

A central concern of industrial organization literature is to determine if markets dominated by a leading producer tend to remain that way when entry by rival firms is possible. In particular, suppose market entry is limited by the availability of an essential raw input, such as a natural resource, or by technological know -how. At some future time, more of the raw input becomes available, permitting outsiders to enter. At this point, the leader can maintain its market position by either discovering or purchasing new raw inputs or technologies before the potential entrants............

Department

Description

Provenance

Citation


Unless otherwise indicated, scholarly articles published by Duke faculty members are made available here with a CC-BY-NC (Creative Commons Attribution Non-Commercial) license, as enabled by the Duke Open Access Policy. If you wish to use the materials in ways not already permitted under CC-BY-NC, please consult the copyright owner. Other materials are made available here through the author’s grant of a non-exclusive license to make their work openly accessible.