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A "Signal-Jamming" Theory of Predation

Drew Fudenberg and Jean Tirole
The RAND Journal of Economics
Vol. 17, No. 3 (Autumn, 1986), pp. 366-376
Published by: Wiley on behalf of RAND Corporation
Stable URL: http://www.jstor.org/stable/2555717
Page Count: 11
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
A "Signal-Jamming" Theory of Predation
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Abstract

We propose a new theory of predation based on "signal-jamming." In our model the predator's characteristics are common knowledge, while the entrant is uncertain of his own future profitability. The entrant uses his current profit to decide whether to remain in the market, and the predator preys to "jam" or interfere with this inference problem. Thus, our model differs from those based on"reputation effects," in which the predator preys to signal information about himself.

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