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evidence. Without offsetting tax increases the legislation will plausibly reduce prices but significant entry into the industry …
Persistent link: https://www.econbiz.de/10010576066
We empirically quantify the welfare implications of bank entry in the United States between 2000 and 2008. We use a … market outcomes. We find no evidence for under- or over-entry. Compared with the socially efficient outcome, there is a mild … significantly improves welfare under free entry. …
Persistent link: https://www.econbiz.de/10010709493
High prices and insufficient quality of care are observed in nursing homes in France. Reforms are currently under discussion, but governments are facing a dilemma : any measure of price cut is likely to affect quality and any improvement in quality would probably be inflationary. This work...
Persistent link: https://www.econbiz.de/10011074680
congestion effect. However, when the number of sellers ispresented in isolation, its negative impact on entry is …
Persistent link: https://www.econbiz.de/10009435138
We examine a problem with n players each facing the same binary choice. One choice is superior to the other. The simple assumption of competition - that an individual's payoff falls with a rise in the number of players making the same choice, guarantees the existence of a unique symmetric...
Persistent link: https://www.econbiz.de/10009481305
of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit …. Our empirical results confirm that foreign entry indeed generates strong heterogeneous growth patterns among domestic …
Persistent link: https://www.econbiz.de/10011259554
non-linear demand) in which entry increases efficiency is provided as well. …
Persistent link: https://www.econbiz.de/10005371163
that (a) contest entry and rent-seeking expenditures increase with the size of the prize; and (b) earnings are equalized …
Persistent link: https://www.econbiz.de/10010552252
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10010869049
structure and price-sensitive linear deterministic demand. The entry stage is modeled as a simultaneous game, where the players … take the outcomes of the subsequent post-entry (Cournot) competition into account in making their entry decisions. We … always an equilibrium structure in pure strategies in the entry game. Finally, we examine the effects of vertical integration …
Persistent link: https://www.econbiz.de/10009204324