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- W2020011929 abstract "This paper discusses the possibility of signal jamming between multiple informed incumbents with conflicting interests and examines the implication of the possibility in the limit pricing literature. I find fully separating equilibria where the incumbent competing against the entrant does not use limit pricing in an optimal response to “inductive pricing” by another incumbent desiring entry i.e., charging a lower price than the static equilibrium price to induce entry. Thus, contrary to Milgrom and Roborts, the consequences of asymmetric information for welfare are ambiguous even in fully separating equilibria. [L11]" @default.
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- W2020011929 date "2003-12-01" @default.
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- W2020011929 title "Entry Deterrence and Entry Inducement in an Industry with Complementary Products" @default.
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- W2020011929 doi "https://doi.org/10.1080/10168730300080029" @default.
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