Excess Capacity as a Barrier to Entry: An Empirical Appraisal
基于38个化工产品行业的数据，检验了过剩产能作为进入壁垒的作用，发现现有企业很少为阻止进入而预先建造过剩产能，进入者与现有企业的投资行为相似。
This paper examines excess-capacity barriers to entry and investment dynamics in a sample of thirty-eight chemical product industries. Logit and log-linear models of investment behavior are estimated, and specific case examples are considered. The results show that incumbents rarely built excess capacity ereemptively in an effort to deter entry. In general, entrants and incumbents exhibited similar investment behavior. Copyright 1987 by Blackwell Publishing Ltd.