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In the open-loop one the anticipation effect is positive, i.e. the incumbent overinvests before the entry time.
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In the sections before we assumed that the entry time T is fixed and entry is taken for granted (Section 2).
A control individual can serve as a control in any time period in which the start of follow-up (entry time) is before the upper limit of the time period and in which their index time is after the upper limit of the time period.
A control individual can serve as a control in any time period in which their start of follow-up (entry time) is before the lower limit of the time period and in which their index time is after the lower limit of the time period.
A control individual can serve as a control in any time period in which their start of follow-up (entry time) is before the upper limit of the time period and in which their index time is after the lower limit of the time period.
A control individual can serve as a control in any time period in which their start of follow-up (entry time) is before the lower limit of the time period and in which their index time is after the upper limit of the time period.
In case of an earlier entry time (Fig. 2), the incumbent stays far below the monopolistic steady state, because there is not enough time to reach it before entry takes place.
In case of a relatively late entry time T (Fig. 1), the incumbent approaches the monopolistic steady state (grey line) before it starts to anticipate firm 2's entry.
Track officials said they were appreciative that Jacobs had withdrawn in time for Culpepper to replace her before the entry deadline Monday.
Before the entry draft June 23, however, Lindros changed his mind.
within 2 months before the entry to the study.
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