This paper studies the effects of aggregate, industry-, and firm-specific factors on the exit hazard rates in the market for daily newspapers in The Netherlands from 1950 to 1996. We present a brief overview of the exit literature. On the basis of the existing empirical evidence, we decided to...

A structural model of entry and taxation is presented to explain the changes in market structure resulting from the 1869 stamped paper tax reform act that abolished taxation on paper used for advertising and publishing news in the Netherlands. Data on when and where the newspapers existed and...

A structural model of entry and fiscal policy is presented. It shows that taxation of variable production costs can increase product prices, lower competition, and reduce the availability of new products in small markets. The model's test is based on a unique nationwide fiscal experiment. We...