concepts. Then we examine existence of competitive equilibria with free exit and study whether maximal individual power is …

We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are … the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the …-2012, and find that both increased short-run profitability and a higher capital stock lowers the exit probability - this effect …

’ inflation aversion and exit costs. …

collateralizable housing wealth in a region delays chains’ entry into franchising by 0.28 years on average, 9 percent of the average …

affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the …- or countercyclical if the incumbent is a first mover. Moreover, our results show that entry deterrence by the incumbent …

into an entry barrier, protecting the position of an inefficient incumbent; or that, conversely, they can make it possible …

formalizes the underlying interaction of risk, fixed export costs and firms’ market entry decisions based on techniques known …

This paper analyses an open economy Ramsey model with an endogenous labour supply without capital. The technology … defines an optimal firm size. Changes to the number of firms is subject to adjustment costs, so that the entry dynamics is …