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- W71119018 abstract "We introduce the concept of the marginal contribution of a player (firm) and use it to derive conditions for optimal entry in various industrial situations. It turns out that, in a competitive economy with a finite number of goods but with a continuum of potential firms, the marginal contribution of a firm coincides with the profit of the firm, and so the optimal condition for entry is that the marginal firms should receive zero profit. We also study the marginal contribution in the monopolistic competition markets and establish the “excess entry theorem” in a new setting." @default.
- W71119018 created "2016-06-24" @default.
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- W71119018 date "1999-01-01" @default.
- W71119018 modified "2023-09-27" @default.
- W71119018 title "Optimal entry and the marginal contribution of a player" @default.
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- W71119018 doi "https://doi.org/10.1007/978-3-662-03750-8_15" @default.
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