Summary Drawing on household budget data from the German Income and Consumption Surveys of 1988 and 1993, we estimate demographicaily structured Quadratic Expenditure Systems. Both Full Information Maximum Likelihood methods and a Limited Information approach as proposed recently by Ding and...

Abstract Despite descriptive empirical evidence on start-up numbers and survival rates of young firms, the interaction of market entry decisions and reactions of incumbent competitors is still insufficiently understood in the entrepreneurship literature. Repeated games offer a suitable...