| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549476 | Economics Letters | 2005 | 6 Pages |
Abstract
We present a dynamic entry game, in which entry costs become sunk gradually. In equilibrium the most profitable firms enter, as they commit faster not to exit. This rationalizes an equilibrium selection assumption often employed in the empirical entry literature.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Daniel Quint, Liran Einav,