This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show … that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality … wisdom, a minimum quality standard should not always be considered as a barrier to entry …

competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …

competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …

) product variant is underprovided. A model, integrating entry into a perfectly competitive, vertically differentiated industry …

We use a dynamic oligopoly model of entry and exit with store-type differentiation to evaluate how entry regulations … demand, recover variable profits, and estimate entry costs and fixed costs by store type. Counterfactual policy experiments … show that welfare increases when competition is enhanced by lower entry costs. Protecting small stores by imposing …

The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger … evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of … dominated mergers. Interestingly, we also find that mergers foreclose potential entry in other product markets and reduce the …

by both high entry and high exit rates. …

We develop a model in which ex ante identical firms make endogenous entry and technology adoption decisions. We show … that this model is capable of matching the stylized facts in which entry and adoption are dispersed over time and that, in … occur and show that leapfrogging can induce reverse preemption (i.e., forward-looking incumbent firms delaying entry and …

different structural changes between countries to separate the respective effects. Our results show that the effect of entry … lead to misleading conclusions. We find no robust evidence that entry has a price-decreasing effect on markets with … originally 2 operators. However, the entry of a 4th operator does have a price-decreasing effect, but with different dynamics …

We use a dynamic oligopoly model of entry and exit to evaluate how entry regulations affect profitability and market … stores in Sweden, we find that the average entry costs for small and large stores are 10 and 18 percent lower, respectively …, in markets with liberal compared with restrictive regulations. Counterfactual simulations show that lower entry costs in …