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

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 …

We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …, optimal entry of original firms and all subsequent employee spinoffs is achieved, despite the fact that the original firm can … of these agreements shuts down socially profitable spinoff firms. Non-enforcement sacrifices entry of original firms that …

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 …

We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the … market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments …

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