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Mukherjee, A. (2010) External Economies of Scale and Insufficient Entry. Journal of Industry, Competition and Trade, 10, 365-371.
http://dx.doi.org/10.1007/s10842-010-0069-y

has been cited by the following article:

• TITLE: Value of Waiting and Excess Entry Theorem

  AUTHORS: Yasunori Fujita

  KEYWORDS: Excess Entry Theorem, Cournot Competition, Optimal Stopping Theory, Geometric Brownian Motion, Value of Waiting

  JOURNAL NAME: Theoretical Economics Letters, Vol.6 No.2, April 22, 2016

  ABSTRACT: By reformulating the Cournot model by making use of the optimal stopping theory, we reconsider the excess entry theorem for a stochastic market. It is revealed that: 1) free entry in a stochastic oligopolistic market is socially excessive, owing not only to the presence of scale economies but also to the value of waiting; 2) welfare maximizing number of the entrants is larger if the market is more uncertain.