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Neelam Jain |
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''Lender learning and entry under demand uncertainty'' |
( 2009, Vol. 29 No.1 ) |
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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. |
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Keywords: |
JEL: D8 - Information, Knowledge, and Uncertainty: General D4 - Market Structure and Pricing: General |
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Manuscript Received : Dec 12 2008 | | Manuscript Accepted : Feb 15 2009 |
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