Strategic Investment and Market Integration



Step 5. If (D) holds with equality, i.e. x = xm, then c)ττ (xr'l.xc} ∕∂xψ = ∂π         ∕∂xψ, and

the LHS is zero and, therefore, the entry-deterring capacity is к = xm + (n — 1) χm.

Step 6. Working backwards to the first stage. Now, the incumbent capacity is к E (nx, xm + (n — 1) x ],
where к is determined by equation (18). ■

29



More intriguing information

1. The use of formal education in Denmark 1980-1992
2. Putting Globalization and Concentration in the Agri-food Sector into Context
3. Insecure Property Rights and Growth: The Roles of Appropriation Costs, Wealth Effects, and Heterogeneity
4. Evolving robust and specialized car racing skills
5. Foreign direct investment in the Indian telecommunications sector
6. Subduing High Inflation in Romania. How to Better Monetary and Exchange Rate Mechanisms?
7. Should Local Public Employment Services be Merged with the Local Social Benefit Administrations?
8. The effect of globalisation on industrial districts in Italy: evidence from the footwear sector
9. A Rare Case Of Fallopian Tube Cancer
10. Urban Green Space Policies: Performance and Success Conditions in European Cities
11. Towards Teaching a Robot to Count Objects
12. Public Debt Management in Brazil
13. The name is absent
14. The name is absent
15. Howard Gardner : the myth of Multiple Intelligences
16. The name is absent
17. ROBUST CLASSIFICATION WITH CONTEXT-SENSITIVE FEATURES
18. The name is absent
19. The name is absent
20. How we might be able to understand the brain