Matsumura, T. and Okamura, M. (2006) A Note on the Excess Entry Theorem in Spatial Markets. International Journal of Industrial Organization, 24, 1071-1076.
http://dx.doi.org/10.1016/j.ijindorg.2006.03.005

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.