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Regulatory barriers and entry in developing economies

Bennett, John; Estrin, Saul - 2006

We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...

Persistent link: https://www.econbiz.de/10010267763

Formality, informality, and social welfare

Bennett, John - 2008

is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values …. The industry equilibrium is compared to one in which informality is prohibited. With relatively high product demand, the … profit is redistributed towards more able entrepreneurs. With relatively low product demand the opposite effects obtain. We …

Persistent link: https://www.econbiz.de/10010268865