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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 …
Persistent link: https://www.econbiz.de/10011255936
by both high entry and high exit rates. … entrepreneurs and theentry and exit rate of entrepreneurs simultaneously and consistently. We apply our unified approach tothe …
Persistent link: https://www.econbiz.de/10011256593
This discussion paper resulted in an article in the 'Journal of Industrial Economics' (2014). Volume 62, issue 3, pages 467-502.<P> Where markets are insufficiently competitive, governments can intervene by auctioninglicenses to operate or by forcing divestitures. The Dutch government has...</p>
Persistent link: https://www.econbiz.de/10011257439
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 …
Persistent link: https://www.econbiz.de/10011256603
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 …
Persistent link: https://www.econbiz.de/10011257442
net profits; no entry occurs after the initial time period. Some firms may exit before others evenwhile other firms earn … optimal) dynamic equilibrium path of a competitive industry with freeentry and exit, even when there is no uncertainty and all …
Persistent link: https://www.econbiz.de/10011255543
This article analyzes the role of suggested prices in the Dutch retail market for gasoline. Suggested prices are announced by large oil companies with the suggestion that retailers follow them. There are at least two competing rationales for the existence of suggested prices: they may either...
Persistent link: https://www.econbiz.de/10011255548
See also the publication in the <A HREF="http://www.ingentaconnect.com/content/lse/jtep/2014/00000048/00000002/art00005">'Journal of Transport Economics and Policy'</A>, 2014, 48(2), 261-277.<P> We formulate a horizontal differentiation model with price-sensitive demand and asymmetric transport costs, in the context of transport scheduling. Two competitors choose fares and departure times...</p></a>
Persistent link: https://www.econbiz.de/10011255566
This article investigates competition in a market with an emerging technology using a discrete choice model to analyze demand and welfare. We focus on industry structure and investigate the impact of different market structures on demand for the new technology and on welfare. The car market...
Persistent link: https://www.econbiz.de/10011255656
The search literature assumes that consumers know which firms sell products they are looking for, but are unaware of the particular variety and the prices at which each firm sells. In this paper, we consider the situation where consumers are uncertain whether a firm carries the product at all by...
Persistent link: https://www.econbiz.de/10011255691