Showing 1 - 10 of 45
time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …
Persistent link: https://www.econbiz.de/10011255936
We investigate the timing and the valuation of strategic investment aimed at enhancing entry opportunities in related … market segments. As demand is uncertain, entry options should be exercised at the optimal time, trading off the market share … gain against the option to wait until more information is revealed, while anticipating competitors' entry behaviour. When …
Persistent link: https://www.econbiz.de/10005662306
We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn from the Census of Production. We examine the relative importance of 'internal' restructuring (such as new technology and organizational change) and 'external' restructuring...
Persistent link: https://www.econbiz.de/10005666830
We are interested in evaluating the impact of restrictive planning regulation on entry into the UK grocery retail …
Persistent link: https://www.econbiz.de/10005788990
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 …
Persistent link: https://www.econbiz.de/10005136712
by both high entry and high exit rates. …
Persistent link: https://www.econbiz.de/10011256593
capture, favor connected interests, and undermine finance access and entry. Thus the degree of access to political rights by …
Persistent link: https://www.econbiz.de/10011255875
This survey reviews how a recent political economy literature helps explaining variation in governance, competition, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear critical to explain rapid changes in financial...
Persistent link: https://www.econbiz.de/10011256233
Understanding the development of chainstores is important given the large GDP share of services and the continuing importance of chains in bringing these services to market. Service chains provide a puzzle because they take a long time to develop even when there are obvious expansion...
Persistent link: https://www.econbiz.de/10009246609
determination of the number of producers and products over the business cycle. Economic expansions induce higher entry rates by … prospective entrants subject to irreversible investment costs. The sluggish response of the number of producers (due to sunk entry … decisions, producer entry, and the allocation of labor across sectors. The model performs at least as well as the benchmark real …
Persistent link: https://www.econbiz.de/10009293662