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Entry and Cost Reduction
Oleh:
Varian, Hal R.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
JAPAN AND THE WORLD ECONOMY vol. 7 no. 4 (1995)
,
page 399-410.
Topik:
cost reduction
;
entry
;
cost reduction
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ47.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
There is a lot of anecdotal evidence that entry of new firms reduces not only prices but also costs. However, the causal mechanism for this phenomenon is far from clear. This paper investigates three models of how entry may cause cost reduction : managerial incentives, survival of the fittest, and imitation. The models have quite different implications for social welfare.
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