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- W1978996970 abstract "The development of an industry is seen as the outcome of a differential game in which market shares flow in response to price differences. It is hypothesized that while all consumers eventually react to price differences, some are slower than others. If scale advantages have some influence on marginal costs around average market share, then, under reasonable conditions, only skewed size distributions can be locally stable steady states. In addition, and contrary to common belief, the largest firm need not eventually monopolize the industry." @default.
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- W1978996970 date "1984-03-01" @default.
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- W1978996970 title "Consumers with differing reaction speeds, scale advantages and industry structure" @default.
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- W1978996970 doi "https://doi.org/10.1016/0014-2921(84)90112-0" @default.
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