On the effects of a retarded entry

The effects of retarded versus unimpeded entry are studied for a dominant firm industry, using a generalized Gaskins limit-pricing model. We explore under what conditions, mainly concerning scale effects, the consequences of both discouraged and free entry are the same for the competitive characteristics of the stationary state of the industry, and for the direction of movement of individual firm and industry output. © 1977, North-Holland Publishing Company. All rights reserved.nrpages: 18status: publishe