A note on the effect of price discrimination on entry
Article Abstract:
A study examined the effects of the abolition of price discrimination within the rice industry, which revealed that it both yielded positive and negative effects on entry, consumer welfare, prices, and scale of entry. It was, however, noted that market conditions have greater influence on entry compared with competitive threat. In some industries, the high cost of entry provides enough deterrent for other entities to enter the industry. In these cases, price discrimination positively affects entry.
Publication Name: Journal of Economics and Business
Subject: Economics
ISSN: 0148-6195
Year: 1999
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Dynamic asset pricing and statistical properties of risk
Article Abstract:
Conditional risk estimators can explain the mutual dependency between an asset return's unconditional and conditional moments. These risk estimates also account for the effect of fourth moments of the asset returns and the impact of the conditional volatility procedure. Risk evaluations are important not only in substantiating the APT but also in validating other traditional theories on asset pricing such as the Capital Asset Pricing Model (CAPM).
Publication Name: Journal of Economics and Business
Subject: Economics
ISSN: 0148-6195
Year: 1998
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