Despite descriptive empirical evidence on start-up numbers and survival rates of young firms, the interaction of market entry decisions and reactions of incumbent competitors is still insufficiently understood in the entrepreneurship literature. Repeated games offer a suitable theoretical...

Mitte Dezember 1993 konnte die achte Welthandelsrunde nach siebenjähriger Verhandlungszeit abgeschlossen werden. Die Ergebnisse werden zum 01. Januar bzw. 01. Juli 1995 in Kraft treten. Wesentlichster Punkt ist der erleichterte Marktzugang durch Zollsenkung und Abbau von Importquoten. Der...

I study the effect of sunk entry-costs on potential competition in a multi-market framework, where potential entrants have different home market profits. Although sunk-entry-costs are supposed to increase entry barriers, my experimental results suggest that firms view entry costs differently...