Showing 1 - 10 of 35
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 are interested in evaluating the impact of restrictive planning regulation on entry into the UK grocery retail …
Persistent link: https://www.econbiz.de/10005788990
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
-returns-to-scale technologies. When providers adopt a not-for-profit mission, the absence of a residual claimant can impede entry, pro- tecting the … core costs can have a non-neutral effect on entry, technology adoption, and industry performance. …
Persistent link: https://www.econbiz.de/10009367421
We propose a general model of monopolistic competition and derive a complete characterization of the market equilibrium based on an Arrow-Pratt measure of concavity of the utility, interpreted as the relative love for variety. When the relative love for variety increases with the consumption...
Persistent link: https://www.econbiz.de/10008466345
entry and financial development. Incumbents seek a low level of effective investor protection to prevent potential entrants … higher rents earned with less competition. Entry and investor protection improve when wealth distribution becomes less … countries we find that greater accountability is associated with higher entry in sectors that are more dependent on external …
Persistent link: https://www.econbiz.de/10005662100
The health care professions in Europe have been subject to substantial entry and conduct regulation. Most notably … competition through geographic entry restrictions. We develop an entry model to study the direct impact of the regulations on the … representative for many other countries with geographic entry restrictions. We find that the entry decisions of pharmacies and …
Persistent link: https://www.econbiz.de/10005662356
While financial liberalization has in general favourable effects, reforms in countries with poor regulation is often followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even after liberalization, market investors must rely on...
Persistent link: https://www.econbiz.de/10005666751
combining the time needed to comply with government entry procedures in 45 countries with industry-level data on employment … takes less time to register new businesses have seen more entry in industries that experienced expansionary global demand … country--or group of countries with similar entry regulations--will in general yield biased results. …
Persistent link: https://www.econbiz.de/10005667111