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Oligopoly Theory, Entry-prevention, and Growth

Bhagwati, Jagdish N.

The focus of the theory of oligopoly has been shifted towards entry-prevention models since the recent work of Sylos Labini and Bain, especially after its brilliant formalization by Franco Modigliani. This paper examines the entry-prevention approach critically, while relating it to the traditional approaches to the analysis of oligopoly behaviour. The analysis is also extended to incorporate the phenomenon of "growth of firms."

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Published In
Oxford Economic Papers
Volume
22
Issue
3
Pages
297 - 310
Academic Units
Economics
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