Scipediacontent: Scipediacontent moved page Draft Content 805386744 to Morton 1996a

2021-01-25T17:56:08Z

Scipediacontent moved page Draft Content 805386744 to Morton 1996a

Scipediacontent: Created page with " == Abstract == I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are com..."

2021-01-25T17:56:05Z

Created page with " == Abstract == I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are com..."

New page

== Abstract ==

I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines. The cartel makes the decision whether or not to begin a price war against the entrant; some entrants are formally admitted to the cartel without any conflict. I use characteristics of the entrant to predict whether or not the entrant will encounter a price war conditional on entering. I find that weaker entrants are fought, where weaker means less financial resources, experience, size, or poor trade conditions. The empirical results provide support for the long purse theory of predation. I discuss qualitative evidence such as predatory intent expressed in correspondence between cartel members which supports the empirical results. The results are also found to be robust to misclassification of the dependent variable which is a particular concern when dealing with historical data.

== Original document ==

The different versions of the original document can be found in:

* [http://dx.doi.org/10.1162/105864097567237 http://dx.doi.org/10.1162/105864097567237]

* [http://dx.doi.org/10.3386/w5663 http://dx.doi.org/10.3386/w5663]

* [http://www.nber.org/papers/w5663.pdf http://www.nber.org/papers/w5663.pdf]

* [https://doi.org/10.3386/w5663 https://doi.org/10.3386/w5663]

* [https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1430-9134.1997.00679.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1430-9134.1997.00679.x],
: [http://dx.doi.org/10.1111/j.1430-9134.1997.00679.x http://dx.doi.org/10.1111/j.1430-9134.1997.00679.x] under the license http://doi.wiley.com/10.1002/tdm_license_1.1

* [https://www.nber.org/papers/w5663 https://www.nber.org/papers/w5663],
: [https://www.nber.org/papers/w5663.pdf https://www.nber.org/papers/w5663.pdf],
: [https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1430-9134.1997.00679.x https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1430-9134.1997.00679.x],
: [https://core.ac.uk/display/21556272 https://core.ac.uk/display/21556272],
: [http://www.catchword.com/cgi-bin/cgi?body=linker&ini=xref&reqdoi=10.1162/105864097567237 http://www.catchword.com/cgi-bin/cgi?body=linker&ini=xref&reqdoi=10.1162/105864097567237],
: [https://papers.ssrn.com/sol3/Delivery.cfm/nber_w5663.pdf?abstractid=4332&mirid=3 https://papers.ssrn.com/sol3/Delivery.cfm/nber_w5663.pdf?abstractid=4332&mirid=3],
: [https://ideas.repec.org/a/bla/jemstr/v6y1997i4p679-724.html https://ideas.repec.org/a/bla/jemstr/v6y1997i4p679-724.html],
: [https://papers.ssrn.com/abstract=4332 https://papers.ssrn.com/abstract=4332],
: [https://EconPapers.repec.org/RePEc:bla:jemstr:v:6:y:1997:i:4:p:679-724 https://EconPapers.repec.org/RePEc:bla:jemstr:v:6:y:1997:i:4:p:679-724],
: [http://m.nber.org/papers/w5663 http://m.nber.org/papers/w5663],
: [https://academic.microsoft.com/#/detail/2151093718 https://academic.microsoft.com/#/detail/2151093718]

DOIS: 10.1111/j.1430-9134.1997.00679.x 10.1162/105864097567237 10.3386/w5663

← Older revision	Revision as of 17:56, 25 January 2021
(No difference)

Morton 1996a - Revision history

Scipediacontent: Scipediacontent moved page Draft Content 805386744 to Morton 1996a

Scipediacontent: Created page with " == Abstract == I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are com..."