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- W1971985969 abstract "Abstract This paper examines the strategy choices of an efficient foreign entrant competing with an inefficient local incumbent in an erstwhile protected LDC-market. In terms of a two-stage trade liberalization game it is demonstrated that the LDC-market size, convexity of demand function, the initial technology gap and the trade policy determine whether the foreign entrant accommodate the incumbent by licensing its superior technology or throw it out of the market by limit-pricing. The optimal trade policy and the subgame perfect equilibrium of the game therefore depend on these market-structure conditions." @default.
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- W1971985969 date "1998-01-01" @default.
- W1971985969 modified "2023-09-25" @default.
- W1971985969 title "To liberalize or not to liberalize an LDC-market with an inefficient incumbent" @default.
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- W1971985969 doi "https://doi.org/10.1016/s1059-0560(99)80032-x" @default.
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