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- W2016642127 abstract "Abstract This paper investigates the price and nonprice response of a wealth-maximizing leader firm under threat of entry, taking into account the effects of “learning” through cumulative output. The important characteristic of all the comparative statics results is that along the equilibrium trajectory, price and demandincreasing cost expenditures (capitalizable and noncapitalizable) are “substitutes” in the current contribution to wealth, and demand-increasing cost expenditures are “complements” in the current contribution to wealth. That is to say, an increase in price decreases the marginal contribution of demandincreasing cost expenditures to the current contribution to wealth such that to keep the current contribution to wealth constant, expenditures on demandincreasing costs must fall; and conversely, for a price reduction." @default.
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- W2016642127 title "Oligopoly and entry" @default.
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- W2016642127 doi "https://doi.org/10.1016/0022-0531(75)90037-x" @default.
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