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 …

, either heteroskedasticity in the growth rates has to be assumed, or entry and exit mechanisms included. In particular I show … that combining the broad class of threshold entry mechanisms and the more restricted class of threshold exit mechanisms … with overcapacity penalizing all firms (where entry and exit are determined with reference to an exogenously defined total …

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