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• W2000883327 abstract "Firms in oligopoly can use debt to commit to a strategic position that negatively affects rival firms and improves profitability. In this paper, I show that an incumbent firm can deter entry by using debt to commit to such a low price that an entrant's lender will not finance entry, even if the entrant's expected profit from entry is positive. Empirical evidence shows that concentration and debt are positively related in several industries, indicating that debt may be used to reduce competition." @default.
• W2000883327 created "2016-06-24" @default.
• W2000883327 creator A5021371666 @default.
• W2000883327 date "2010-10-01" @default.
• W2000883327 modified "2023-10-18" @default.
• W2000883327 title "Entry deterrence through credit denial" @default.
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• W2000883327 doi "https://doi.org/10.1016/j.iref.2009.10.012" @default.
• W2000883327 hasPublicationYear "2010" @default.
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