Entry and Exit over the Industry Life Cycle
Entry and Exit over the Industry Life Cycle
复制标题
行业生命周期的进入和退出
DOI：
10.2307/2555619
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发表时间：
1990
期刊：
影响因子：
--
通讯作者：
J. Londregan
中科院分区：
文献类型：
--
作者：
J. Londregan
本文提出了一个理论模型，在一个市场，经历了一个生命周期的增长和最终下降的两个公司之间的竞争。在这个市场上的公司有退出和重新进入的选择。在增长阶段的均衡中，高进入成本可以像高退出成本一样起作用，从而传递承诺优势。对于某些参数配置，这一优势足以使高成本企业抢占其成本较低的竞争对手。在衰退阶段，较小的双寡头能够比它的竞争对手更持久，只要较小的公司的再进入成本是正的。
This article presents a theoretical model of the rivalry between two firms in a market that undergoes a life cycle of growth and eventual decline. Firms in this market have the option of exit and reentry. In the equilibrium for the growth phase, high entry costs can act like high exit costs, thereby conveying a commitment advantage. For some parameter configurations, this advantage is sufficient to enable a high cost firm to preempt its lower cost rival. During the decline phase, the smaller duopolist is able to outlast its rival, provided that the smaller firm's reentry costs are positive.