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 rates. We analyse a stochastic dynamic model of a monopolistically … show existence and uniqueness of a stationary equilibrium with simultaneous entry and exit: efficient firms survive while …

, this being particularly relevant to de novo entrants as compared to entry by established firms. Current size is also found … differences, past growth matters for survival suggesting a partial adjustment process for firm size in the post entry period …. Finally, new plants are more likely to live longer if they enter growing industries or industries with little entry activity. …

. Another important determining factor is the Herfindahl–Hirschman Index at the moment of entry: it is significantly easier to …

market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a … threat of entry; andthere are parameter values for which the bank makes more profits with the threat of entry thanwithout. …

We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new …

We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry … earned withless competition. Entry and investor protection improve when wealth distribu-tion becomes less unequal, and the … greater accountability is associated with higher entry in sectors that are more dependent on external capital and have greater …

entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in … the absence of entry. Specifically, a long-run positive (negative) rate of inflation is optimal when the benefit of …