Economics Dictionary of ArgumentsHome
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| Market entry: Market entry in economics refers to the process by which a company or firm starts operating in a new market. This can involve launching new products, establishing distribution channels, or overcoming barriers like competition, regulation, and capital requirements. Successful market entry strategies aim to gain market share and compete effectively with existing firms. See also Firms, Business, Competition, Markets._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Dictionary of Arguments. | |||
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Victor D. Norman on Market Entry - Dictionary of Arguments
Krugman III 99 Market entry/Victor D. Norman: Example: entry of new competitors into the European flight market: The analysis(1) indicates that there would be very significant effects of entry into the Oslo-Stockholm market. Prices could fall dramatically, and there could be some (more modest) increase in flight frequency. Consumer gains would, not surprisingly, outweigh SAS losses. Moreover, and perhaps more surprisingly, even though there would be a significant shift of profits from SAS to new entrants, the net welfare effect on Scandinavia would be positive and significant even if the entrants came from outside Scandinavia. Costs: The analysis also indicates that these conclusions are robust, both with respect to the average and marginal costs of the firms and to the nature of the market game. In particular, it does not seem to matter greatly whether a future oligopoly equilibrium involves price or quantity competition. >Cournot Competition, >Bertrand Competition. The reason the two equilibria are virtually identical is that the capacity constraint on each flight is binding in all our simulated equilibria. 1. Victor D. Norman and Siri P. Strandenes. „Deregulation of Scandinavian Airlines: A Case Study of the Oslo-Stockholm Route.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press. Victor D. Norman and Siri P. Strandenes. „Deregulation of Scandinavian Airlines: A Case Study of the Oslo-Stockholm Route.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. "Vs" indicates differences in content, not necessarily the chronological progression of a controversy. If a German edition is specified, the page numbers refer to this edition. |
Norman, Victor D. EconKrug I Paul Krugman Volkswirtschaftslehre Stuttgart 2017 EconKrug II Paul Krugman Robin Wells Microeconomics New York 2014 Krugman III Paul Krugman Alasdair Smith Empirical Studies of Strategic Trade Policy Chicago: The University of Chicago Press 1994 |
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