1980's. Our analysis is motivated by the coexistence of low entry barriers into the PC industry and high rates of …

This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …-perfect equilibrium. With mild restrictions on the demand shocks, sequences of thresholds describe firms' equilibrium entry and survival … decisions. Bresnahan and Reiss's (1993) empirical analysis of oligopolists' entry and exit assumes that such thresholds govern …

Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by … dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market … structure and long-run firm values for two U.S. service industries, dentists and chiropractors. We find that entry costs faced …

advertising agency industry? This question is addressed by treating an advertising agency as a multiproduct firm. The firm … advertising messages which it creates on behalf of its clients. Evidence is presented indicating that the structure of demand and … costs in the advertising agency industry conforms to the conditions that MacDonald and Slivinski (1987) showed were required …

This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main …

. Properly constructed, the game transfers significant oligopoly profits to the consumer. Australia's success -- she reaps …

in influencing labor market outcomes. Adding to or raising the entry barriers are likely easier once an occupation is … requirements that protect existing workers and increase entry costs to new entrants. We analyze the labor market influence of the …

specification of a positive theory for why agents fail to optimize with respect to tax policies …