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levels, and that when differences in opportunity costs exit, they can be conveniently represented by fixed costs. Opportunity … the context of the effect of entry on firm selection in a Cournot setting. It is found that inefficient firms are more … induce the exit of low and high cost firms. …
Persistent link: https://www.econbiz.de/10005561413
Using data from the TASS/Tremont hedge fund database, this article performs an empirical analysis of the evolution of the hedge fund industry within an industrial organization framework.
Persistent link: https://www.econbiz.de/10005561436
The article analyses recent approaches on entry and post-entry performance by new firms, with particular focus on its …
Persistent link: https://www.econbiz.de/10005412916
We study post entry performance of manufactuirng firms in 3 municipalities of Buenos Aires province, borned between …
Persistent link: https://www.econbiz.de/10005412946
Applying the modern Property Rights Approach to depict employment and firm-internal delegation relationships, this paper addresses the question how to prevent corporate bribery. The analysis and the answers that follow take into account interaction effects between firm-internal delegation...
Persistent link: https://www.econbiz.de/10005561039
‘liquidation’ for about 6,000 venture backed firms. We model these exit times using competing risks models. Biotech and internet …
Persistent link: https://www.econbiz.de/10005134683
This paper addresses the choice between different exit routes of venture capitalists for a project yielding a quality … effects on the optimal exit strategy and on the financial contract. Going public can be more profitable than a trade sale (i … if the entrepreneur enjoys private benefits from staying an independent manager in the firm after the exit of the venture …
Persistent link: https://www.econbiz.de/10005413189
In the paper we analyze how the possibility of revealing information to a competitor alters the entry … anticipates that there is a strategic advantage in choosing an initially small scale of entry: in this way it 'commits' itself to … to postpone entry into market. …
Persistent link: https://www.econbiz.de/10005561373
, if the network effect is sufficiently strong, a quantity leader has an incentive to invite entry and license his … network externality and will invite entry. In markets with very strong network externalities, the leader pays a subsidy to the … invited followers. We also show that the results hold under uncertainty, and when the post-entry competition is Cournot. …
Persistent link: https://www.econbiz.de/10005561463
specifications, full incompatibility and preemption are again observed at the equilibrium. With incompatibility, entry deterrence …
Persistent link: https://www.econbiz.de/10005134422