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 …

significant impact on both entry of new firms and on firm exit. For the primary sector and the manufacturing sector this impact is … there is a strong negative impact on firm entry in all sectors. This is in line with what one could expect as there are …

within a region, explicitly taking into account exit, as well as entry, costs. Protecting workers by having strict lay … influence the entry decision? …