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Questions tagged [barriers-to-entry]

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0answers
31 views

Excessive entry without fixed costs

Mankiw & Whinston (1986) show that the market may contain too many firms. The intuition is that if a firm charges a suboptimal high price, a rival has a demand curve that is "too high" and can ...
3
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0answers
28 views

Unions and their effect on salary with tenure

I'm wondering if labor unions cause a steeper salary over experience(or tenure) graph. I.e. low salaries in entry positions and very high salaries in tenure positions for union workers vs. similar ...
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1answer
65 views

Is a lack of any barriers to entry a necessary condition for ensuring pareto optimality is reached?

I understand that a competitive market is necessary for a market to equilibriate to a pareto optimal state, and that things like economies of scale, network effects, government restrictions, and ...