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Limit pricing,conjectural variation and entry |
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| Authors: | Stan Reynolds |
| Affiliation: | Northwestern University, Evanston, IL 60626, USA |
| Abstract: | The paper investigates the relationship of the degree of tacit collusion among existing sellers on industry price when a threat of entry exists. A general model is developed which allows comparison of two seemingly unrelated strands of the limit pricing literature. |
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