Free entry does not imply zero profits

被引：5
|
作者：
Hurkens, S
Vulkan, N
机构：
[1] Said Business Sch, Oxford OX1 1HP, England
[2] Univ Pompeu Fabra, Dept Econ, Barcelona 08005, Spain
来源：
ECONOMICS LETTERS | 2003年 / 81卷 / 03期
关键词：
entry deterrence; information acquisition;
D O I：
10.1016/S0165-1765(03)00194-0
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Traditional economic wisdom says that free entry in a market will drive profits down to zero. This paper shows that profits may remain bounded away from zero when firms have to make a negligible small investment to learn the demand. (C) 2003 Elsevier B.V. All rights reserved.
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页码：285 / 290
页数：6
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