ALBERT — All Library Books, journals and Electronic Records Telegrafenberg

Hits per page

hit 1 - 1 | 1 hit

Select All Export

Electronic Resource

Asymmetry of information and contestability theory (1994)

Cairns, Robert D.

Springer

Review of industrial organization 9 (1994), S. 99-107

add to mindlist on the mindlist

Details

ISSN: 1573-7160

Keywords: Contestability ; asymmetric information ; disequilibrium

Source: Springer Online Journal Archives 1860-2000

Topics: Economics

Notes: Abstract In this paper, contestability theory is examined under conditions of asymmetric information. Signals of economic profitability to potential entrants are the incumbent's list price and accounting rate of return. A disequilibrium analysis indicates that, while potential entry imposes a price discipline, incumbents can earn profits, although not indefinitely under stable conditions. Also, there may be wasteful entry even into industries where prices approximate the optimum.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1007/BF01024222

	Location	Call Number	Expected	Availability

Others were also interested in ...

Paper (German National Licenses)

Fulltext

hit 1 - 1 | 1 hit