disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the … interrelationship between firm entry and exit in disequilibrium. Introducing a new methodology we investigate whether this … new-firm entry) while in overshoots competition induced by new firms (in particular strong displacement) helps restore …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …

entrepreneurs and the entry and exit rate of entrepreneurs simultaneously and consistently. We apply our unified approach to the … by both high entry and high exit rates. …

We investigate the nature of the adverse selection problem in a market for a durable good where trading and entry of …

Entry requires external finance, especially for less wealthy entrepreneurs, so poor investor protection limits … voters. In a broad cross-section of countries and industries, we find that (i) entry rates and the total number of producers … accountable political institutions have better investor protection and lower entry costs. We also find that investor protection is …

entry and financial development. In- cumbents seek a low level of effective investor protection to prevent potential … the higher rents earned with less competition. Entry and investor protection improve when wealth distribu- tion becomes … 38 countries we find that greater accountability is associated with higher entry in sectors that are more dependent on …

capture, favor connected interests, and undermine finance access and entry. Thus the degree of access to political rights by …