Entry and Exchanges of Cost Information |
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Authors: | Armantier Olivier Richard Oliver |
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Institution: | (1) Department of Economics, SUNY Stony Brook, Stony Brook, NY, 11794;(2) Simon School of Business, University of Rochester, Rochester, NY, 14627 |
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Abstract: | The literature on exchanges of information has ignored firms' entry decisions. Yet, the Federal Trade Commission recently expressed concerns that exchanges of information in business-to-business electronic platforms would adversely impact entry and, thus, consumers. When entry decisions are endogenized in a competitive Cournot model with cost uncertainty, we find results that contrast sharply with current thinking on the welfare consequences of information sharing. |
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