Jain, N. (2009). Lender learning and entry under demand uncertainty. Economics Bulletin, 29(1), pp. 100-107.
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This paper examines the effect of demand uncertainty on the properties of the first period contract between a lender and the incumbent, when there is a threat of entry. The main findings are that unlike the cost uncertainty case, entry has no effect on the incumbent's incentives and it leads the lender to learn less.
|Additional Information:||Published in Economics Bulletin 2009|
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||School of Social Sciences > Department of Economics|
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