department of economics syracuse university working paper series entry deterring capacity in the texas lodging industry vrinda kadiyali mike conlin 2002 016 http www maxwell syr edu econ 110 eggers hall ny 13244 telephone 315 443 3843 all rights reserved 1 by meconlin johnson graduate school management cornell vk24 march abstract this empirically tests whether is used to deter and amount invested related market concentration presence we use a unique dataset containing properties from 1991 through 1997 for each 3 830 have information on occupancy rate number rooms location ownership augmented level such as tax rates travel expenditures retail wages our results provide evidence that there exists free rider problem regards investment proposed theoretical literature waldman 1987 finding
