Showing 1 - 10 of 482
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
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 a set of simple dynamic models where sellers are capacity constrained over the length of the model. Buyers act strategically in the market, knowing that their purchases may affect future prices. The model is examined when there are single and multiple buyers, with both linear and...
Persistent link: https://www.econbiz.de/10005067464
We set up a duopoly model with dynamic capacity constraints under demand uncertainty. We endogenize the investment decisions of the firms, examine their intertemporal pricing behavior, their incentives to merge, as well as the welfare implications of a merger. Whereas under known and constant...
Persistent link: https://www.econbiz.de/10005661999
, this being particularly relevant to de novo entrants as compared to entry by established firms. Current size is also found … differences, past growth matters for survival suggesting a partial adjustment process for firm size in the post entry period …. Finally, new plants are more likely to live longer if they enter growing industries or industries with little entry activity. …
Persistent link: https://www.econbiz.de/10005067401
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
is more conducive to entry - precisely because of its inefficiency - it usually generates higher expected revenue. We … also discuss the effects of lock-ups, matching rights, break-up fees (as in takeover battles), entry subsidies, etc. …
Persistent link: https://www.econbiz.de/10004976795
buyers. In an auction all entry decisions are made prior to any bidding. In a sequential bidding process earlier entrants can … auction is more conducive to entry in several ways it usually generates higher expected revenue. A substantially revised …
Persistent link: https://www.econbiz.de/10005123726
recognition, can be used to increase welfare. The analysis includes entry deterrence by the choice of a particular standard. With …
Persistent link: https://www.econbiz.de/10005124268