000043636 001__ 43636
000043636 005__ 20180122205849.0
000043636 037__ $$a1557-2016-132984
000043636 041__ $$aen
000043636 245__ $$aThe dynamic annihilation of a rational competitive fringe by a low-cost dominant firm
000043636 260__ $$c1987-12
000043636 269__ $$a1987-12
000043636 270__ $$mberck@are.berkeley.edu$$pBerck,   Peter
000043636 270__ $$mperloff@are.berkeley.edu$$pPerloff,   Jeffrey M
000043636 300__ $$a33
000043636 336__ $$aWorking or Discussion Paper
000043636 490__ $$aCUDARE Working Paper
000043636 490__ $$a383R
000043636 520__ $$aA low-cost dominant firm will drive all competitive fringe firms out of the market if all firms have rational expectations; however, the dominant firm will not predate (price below marginal cost). Since a dominant firm will not drive out fringe firms if they have myopic expectations, it may be in the dominant firm’s best interests to inform the fringe. The effects of governmental intervention on the optimal path and welfare are presented.
000043636 542__ $$fLicense granted by Jeffrey Cole (cole@are.berkeley.edu) on 2008-09-29T18:39:35Z (GMT):

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000043636 6531_ $$acompetition
000043636 6531_ $$aindustry
000043636 6531_ $$amarketing
000043636 6531_ $$amathematical models
000043636 700__ $$aBerck, Peter
000043636 700__ $$aPerloff, Jeffrey M.
000043636 8564_ $$s11934511$$uhttp://ageconsearch.umn.edu/record/43636/files/CUDARE%20383R%20Berck.pdf
000043636 887__ $$ahttp://purl.umn.edu/43636
000043636 909CO $$ooai:ageconsearch.umn.edu:43636$$pGLOBAL_SET
000043636 912__ $$nSubmitted by Jeffrey Cole (cole@are.berkeley.edu) on 2008-09-29T18:53:55Z
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  Previous issue date: 1987-12
000043636 982__ $$gUniversity of California, Berkeley>Department of Agricultural and Resource Economics>CUDARE Working Papers
000043636 980__ $$a1557