expected return on the election results will be higher for electors who have high exit costs. According to the theory of …

A semi-parametric approach is used to estimate firm propensity to exit. The unobserved individual productivity of a … firm is first estimated using the Ackerberg et al. (2006) approach and then introduced as a determinant of firm exit in … conjunction with other variables that may serve as barriers to exit, including the firm's level of sunk costs and the industry …

of experience depends on the entrant's current customer base and facility-based entry is a long-term possibility, setting …

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 …

After a merger, company officials face the challenge of making compensation schemes uniform and of redesigning teams … the relationship between executive pay and performance after a merger by dissociating the respective influence of shifts … merger. Replicating this experiment with students showed differences in strategy rather than in substance between the two …

the gap in the theoretical literature concerning mergers in pharmaceutical markets. To prevent generic firms from … duopoly model by considering the pseudo-generics production as a mergers' catalyst. We show that a brand-name company always … its merger gain by producing pseudo-generics beforehand. In some cases, pseudo-generics would not otherwise be produced …

In this paper, we study the optimal number of active firms in acoalition and in a merger. We consider two kinds of game … : a merger gameand a coalition game, both in the context of price competition with horizontalproduct differentiation … occur in the merger case. In the coalitioncase we obtain a similar result in which the number of active firms in thesecond …

After a merger, company officials face the challenge of making compensation schemes uniform and of redesigning teams … the relationship between executive pay and performance after a merger by dissociating the respective influence of shifts … merger. Replicating this experiment with students showed differences in strategy rather than in substance between the two …

collusion when competitors can freely negotiate their access charges. We also analyze the case of a merger between the two … networks and give conditions under which the merger can be welfare improving. …