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Firm Turnover in Imperfectly Competitive Markets
Asplund, Marcus; Nocke, Volker - 2003
This paper is motivated by the empirical regularity that industries differ greatly in the level of firm turnover, and that entry and exit rates are positively correlated across industries. Our objective is to investigate the effect of sunk costs and, in particular, market size on entry and exit...
Persistent link: https://www.econbiz.de/10014087009
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Price Discrimination in Input Markets: Downstream Entry and Welfare
Herweg, Fabian; Müller, Daniel - 2010
The extant theory on price discrimination in input markets takes the structure of the intermediate industry as exogenously given. This paper endogenizes the structure of the intermediate industry and examines the effects of banning third-degree price discrimination on market structure and...
Persistent link: https://www.econbiz.de/10010270421
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Price Discrimination in Input Markets: Quantity Discounts and Private Information
Herweg, Fabian; Müller, Daniel - 2011
We consider a monopolistic supplier’s optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...
Persistent link: https://www.econbiz.de/10010427606
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Price discrimination in input markets : downstream entry and welfare
Herweg, Fabian; Müller, Daniel - 2010
The extant theory on price discrimination in input markets takes the structure of the intermediate industry as exogenously given. This paper endogenizes the structure of the intermediate industry and examines the effects of banning third-degree price discrimination on market structure and...
Persistent link: https://www.econbiz.de/10003954080
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Price discrimination in input markets : quantity discounts and private information
Herweg, Fabian; Müller, Daniel - 2011
We consider a monopolistic supplier's optimal choice of wholesale tariffs when downstream firms are privately informed about their retail costs. Under discriminatory pricing, downstream firms that differ in their ex ante distribution of retail costs are offered different tariffs. Under uniform...
Persistent link: https://www.econbiz.de/10009375743
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A Gap for Me : Entrepreneurs and Entry
Nocke, Volker - 2005
We present a theory of entrepreneurial entry and exit decisions. Knowing their own managerial talent, entrepreneurs decide which market to enter, where markets differ in size. We obtain a striking sorting result: each entrant in a large market is more efficient than any entrepreneur in a smaller...
Persistent link: https://www.econbiz.de/10014077432
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A Gap for Me : Entrepreneurs and Entry, Second Version
Nocke, Volker - 2006
We present a theory of entrepreneurial entry and exit decisions. Knowing their own managerial talent, entrepreneurs decide which market to enter, where markets differ in size. We obtain a striking sorting result: each entrant in a large market is more efficient than any entrepreneur in a smaller...
Persistent link: https://www.econbiz.de/10014027513
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Concentrating on the Fall of the Labor Share
Autor, David H. - 2017
al. (2017), we evaluate and confirm two core claims of the superstar firm hypothesis: the concentration of sales among … firms within industries has risen across much of the private sector; and industries with larger increases in concentration …
Persistent link: https://www.econbiz.de/10012963787
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The Fall of the Labor Share and the Rise of Superstar Firms
Autor, David H. - 2017
firms in each industry, product market concentration will rise as industries become increasingly dominated by superstar … increasingly concentrate in a small number of firms; industries where concentration rises most will have the largest declines in … share will be greatest in the sectors with the largest increases in market concentration; and finally, such patterns will be …
Persistent link: https://www.econbiz.de/10012956029
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The fall of the labor share and the rise of superstar firms
Autor, David H.; Dorn, David; Katz, Lawrence F.; … - 2017
firms in each industry, product market concentration will rise as industries become increasingly dominated by superstar … increasingly concentrate in a small number of firms; industries where concentration rises most will have the largest declines in … share will be greatest in the sectors with the largest increases in market concentration; and finally, such patterns will be …
Persistent link: https://www.econbiz.de/10011647664