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 … markets, the failure of many newcomers and the expansion of successful ones. This process of creative destruction affects …

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 …

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 …

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 …

. Another important determining factor is the Herfindahl–Hirschman Index at the moment of entry: it is significantly easier to …

market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a … threat of entry; andthere are parameter values for which the bank makes more profits with the threat of entry thanwithout. …

We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new …

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

We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry … earned withless competition. Entry and investor protection improve when wealth distribu-tion becomes less unequal, and the … greater accountability is associated with higher entry in sectors that are more dependent on external capital and have greater …