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Titlebook: Applied Industrial Organization; Towards a Theory-Bas Karl Aiginger,Jorg Finsinger Book 1994 Springer Science+Business Media B.V. 1994 comp

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Collusion, Concentration and Profitsdence depends on the variables chosen to proxy the ‘relevant time discount’. Its value is limited as any evidence for game theoretical models supplied by cross section aggregate data. We followed Sutton (1991) to test robust predictions and Schmalensee (1989) to investigate the robustness of the results.
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On the Scope of Indirect Regulation of Monopolies in the Presence of Large Entry Costt cannot be inforced. It then turns out that no commitment on behalf of the incumbent can be credible that deters entry by choosing an output (capacity) at a level in excess of the monopoly output after successful entry deterrence. This represents an additional constraint for the regulator’s behavior.
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