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...

We use the unique regulatory environment of the pharmaceutical industry to examine how potential competition affects generic drug pricing. Our identification strategy exploits a provision of the Hatch-Waxman Act that awards 180 days of marketing exclusivity to the first valid generic drug...

We study endogenous-participation auctions where bidders only know the number of potential participants. After seeing their values for the object, potential participants decide whether or not to enter the auction. They may not want to enter the auction since they have to pay participation costs....