Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by … dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market … structure and long-run firm values for two U.S. service industries, dentists and chiropractors. We find that entry costs faced …

following business cycle facts: procyclical entry, procyclical aggregate total factor productivity, more procyclicality in …Using plant-level data, I show that the dispersion of total factor productivity in U.S. durable manufacturing is … greater in recessions than in booms. This cyclical property of productivity dispersion is much less pronounced in non …

total factor productivity. I examine plant-level data and show that some industries experience countercyclical reallocations … produce less of the total output, but during expansions they produce more. These reallocations cause overall productivity to … rise during recessions, and do not reflect the actual path of productivity of a representative firm over the course of the …

conditions within an industry result in simultaneous adjustment along a number of margins, including both entry/exit and product … substantial portion of firm output. In the model, firms make decisions about both industry entry and product choice. Product …

, measured firm productivity will reflect both true differences in productivity and non-random decisions about which products to … to characterize the direction and magnitude of the resulting bias in productivity and to trace the implications for … provides a new source of reallocation and leads to biased measures of deregulation’s impact on firm and aggregate productivity. …

of entry and exit of U.S. manufacturing plants, in terms of employment and productivity, between 1972 and 1997. We show … how entry and exit patterns vary during the business cycle, and that the cyclical pattern of entry is very different from … the cyclical pattern of exit. Second, we build a general equilibrium model of plant entry, exit, and employment and …

We study how US branch-banking deregulations affected the entry and exit of firms in the non-financial sector using … how the entry rate, the distribution of entry sizes, and survival rates for firms responded to changes in banking … competition. We also distinguish the relative effect of the policy reforms on the entry of startups versus facility expansions by …