Barriers to Entry and Strategic Competition

P. Gilbert Geroski, A. Jacquemin

• I Introduction; II Definitions of Mobility Barriers; A. Structural Barriers; B. Stigler and the Chicago School; C. A Normative Definition of Barriers; D. The Value of Incumbency; III Determinants of the Condition of Entry; A. Barriers and Strategic Behaviour; B. Scale Economies, Sunk Costs and Limit Pricing; C. Absolute Cost Advantages; D. Product Differentiation; E. A Summing-Up; IV Exit Barriers and Asset Specificity; V Dynamic Limit Pricing and Models of Sequential Competition; VI Empirical Models of Entry; A. Measuring the Height of Overall Barriers; B. The Interaction Between Entry and Profits; C. Other Models of Entry; VII Concluding Remarks; References; Index;