time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …

disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the … interrelationship between firm entry and exit in disequilibrium. Introducing a new methodology we investigate whether this … in undershoots a lack of competition between incumbent firms contributes to restoration of equilibrium (creating room for …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …

underestimate the true trading character of an economy. Furthermore, we find that in enhancing transactions cities or agglomerations … remain important, suggesting that face-to-face trade remains an important element of modern transactions. In contrast to the …

is necessary to increase expenditure on R&D for business enterprises and higher education, exports and technology. If the …

is necessary to increase expenditure on R&D for business enterprises and higher education, exports and technology. If the …

an 'incumbent bidder' that owns a complement or substitute. With an auction on the transfer (i.e. payment) to the … government, the incumbent is advantaged.If the government regulates the market with an auction on the price asked to consumers …, it depends who is advantaged. With complements, the incumbent is advantaged: it can set a lower price on the new …