Research Reports |
Title: | Market Choice, Entry Regulation and Joint Production |
Authors: | Wesley Wilson |
Publication Date: | Sep 1991 |
Report #: | SP-81 |
TRID #: | 01842809 |
Keywords: | choice models, decision making, freight transportation, markets, motor carriers, regulation |
Type: | Research Report – Staff Papers |
Firms can jointly serve multiple markets in a set and can serve one of several mutually exclusive sets. Firms choose the set and the particular markets of the set in which to produce. Entry regulation influences these decisions by restricting access to some but not all markets. Entry restrictions directly affect the regulated market but also spill over to other markets in the same and different sets of markets.