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Competition, entry and the social returns to infrastructure in transition economies

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Competition, Entry, and the Social Returns to Infrastructure in Transition Economies

Aghion, Philippe; Schankerman, Mark A. - 1999

model, infrastructure also increases the incentives for low-cost firms to restructure which generates additional efficiency … incentives for relatively low-cost firms to enter the market, and thus improves the efficiency of the entry process. The …

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