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The main contribution of entrepreneurship theory to economics is to provide an account of market performance in …
Persistent link: https://www.econbiz.de/10011377541
This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...
Persistent link: https://www.econbiz.de/10011379632
This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...
Persistent link: https://www.econbiz.de/10013119036
Persistent link: https://www.econbiz.de/10009746014
This paper develops a theory of firm selection and growth and embeds it into an international trade framework of …
Persistent link: https://www.econbiz.de/10003850872
This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...
Persistent link: https://www.econbiz.de/10012461105
This paper develops a theory of firm selection and growth and embeds it into an international trade framework of …
Persistent link: https://www.econbiz.de/10013316364
The paper demonstrates that basic empirical regularities concerning the dependence of firm dynamics on age and size can be naturally explained in a refined model of a competitive industry in Dixit and Pindyck (1996). In our model, all equity financed firms make entry, expansion, and exit...
Persistent link: https://www.econbiz.de/10014057814
This paper studies a model that includes investment-specific technological shocks, a variable capacity utilization rate … investment prices over business cycles …
Persistent link: https://www.econbiz.de/10013055340
Persistent link: https://www.econbiz.de/10012545046