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 …

from the Census of Production. We examine the relative importance of 'internal' restructuring (such as new technology and … organizational change) and 'external' restructuring (the process by which less efficient establishments exit and more efficient …

Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A … communication technology, have a wider span of organization, and are further removed from a decision unit with lending authority … organizational structure and technology of rival banks in the vicinity influence local banking competition. …

. In this paper we use a Hotelling model with two regions that differ in technology to study the impact of patient mobility …