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CONDITIONS WHICH ENCOURAGE OR DISCOURAGE ENTRY
MODELING ENTRY FORESTALLING INVESTMENT
for the Hypothetical Industry
abnormal profits Alternative Specification anti-trust assumed barriers to entry capacity entry capital asset pricing Chapter competitive concentrated industries concentration sub-sample current producers dead weight loss definition of entry demand dependent variable difference domestic entry dominant firms dustry economic effect employees entry attracting entry data entry decisions entry forestalling investment entry investment entry risk equation excess capacity expected sign Figure firm's future entry hypothesis increase indicates innovation intent international relations job market large firms large scale entry level of threat limit pricing liquidity logit transformation marginal cost measures minimum average cost minimum efficient scale occur optimal pre-entry PRETCH probability of entry product differentiation profit maximizing PRRT PRTS ratio reduce regression coefficients response to entry retaliation variables retaliatory strategy risk barriers signalling significant Table 4.l taliation threat investment tion total entry traditional barriers two-tailed unconcentrated UNRT URTF URTS utility variance zero entry