Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/159422 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Quaderni - Working Paper DSE No. 581
Verlag: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
Zusammenfassung: 
We study reactions to entry in a Cournot model, contrasting the case where firms are endowed with unchangeable technologies against that where technologies are flexible. By the latter we mean that firms can change the installed production technique at zero cost (fully flexible technologies). We show that when firms are technologically flexible, entry can increase equilibrium prices. The analysis is cast in a short- run time horizon to simplify exposition, but its predictive power may better relate to the long run.
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Dokumentart: 
Working Paper

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