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- W3204390109 abstract "Abstract We analyze entry of a firm with a new and differentiated product into a market with two properties: An existing incumbent has a captive consumer base, and all consumers have heterogeneous tastes. The interaction between the share of captive consumers and the degree of taste heterogeneity leads to nonmonotone effects of both parameters on entry: The captive share can have an inverse‐U relation with entry profits, and higher taste heterogeneity (i.e., less product substitutability) can impede entry in the presence of captive consumers." @default.
- W3204390109 created "2021-10-11" @default.
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- W3204390109 date "2022-06-15" @default.
- W3204390109 modified "2023-09-26" @default.
- W3204390109 title "Challenging the incumbent: Entry in markets with captive consumers and taste heterogeneity" @default.
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- W3204390109 doi "https://doi.org/10.1111/jems.12490" @default.
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