Foreign firms, price competition and entry decisions : evidence from the Korean experience

0044 English OPEN
Song, Sangmin;
  • Subject: HD | HF

This thesis studies the competitive role of foreign firms in the host economy. While the popular belief is that foreign firms act as new competitive forces in the host economy, many observers argue that the essence of oligopoly will prevail without foreign firms having ... View more
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    3 Foreign Firms and Price Competition in the Korean Grocery Superstore Industry …………………………………………….. 73 3.1 Introduction ……………………………………………………………. 73 3.2 Review of Previous Studies ………………………………………….. 79 3.3 The Korean Grocery Superstore Industry ……………………………... 82 3.4 The Model …………………………………………………………….. 87 3.4.1 The Theoretical Model ..…………………………………………. 87 3.4.1.1 The Demand Side ..………………………………………. 88 3.4.1.2 The Supply Side ….....…………………………………… 90 3.4.2 The Empirical Model .…………………………………………… 93 3.4.3 The Properties of the Logit Model ……………………………… 98 3.5 Market Definition and Data …………………………………………… 102 3.5.1 Product and Geographical Market Definition …………………… 103 3.5.2 Data ……………………………………………………………… 106 3.6 The Estimation Results ………………………………………………... 113 3.7 Conclusion …………………………………………………………….. 121 Appendix ..………………………………………………………………… 124

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