We study the effect of entry on the price distribution in the German retail gasoline market. Exploiting more than 700 … entries over five years in an event study design, we find that entry causes a persistent first-order stochastic shift in the … to 12% of stations' gross margins. Consumers with easy access to information on prices gain the most from entry. The …

evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of …The U.S. and EU Merger Guidelines strongly emphasize the relevance of the “ease of entry” argument in merger … dominated mergers. Interestingly, we also find that mergers foreclose potential entry in other product markets and reduce the …

firms shows that trade leads to between-firm reallocations and selection: it shifts employment towards firms with the best … attributes and forces marginal firms to exit. The model also illustrates the role of heterogeneity, and its various sources, in …

Survey forecasts are prone to entry and exit of forecasters as well as forecasters not contributing every period …

depart from maximal cost-containment to promote entry. We then analyse the determinants of the optimal policy. While an … increase in risk aversion or in the side effect loss increases diversity and decreases the copayment rate, an increase in entry …