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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
entry barriers are high, and when competition is low according to both structure- and conduct-based competition indicators. …
Persistent link: https://www.econbiz.de/10010836977
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify …. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional …
Persistent link: https://www.econbiz.de/10010732479
This paper develops a framework to appreciate the observed heterogeneity of firm size distributions and the entry and … pattern (varieties and markets) of existing firms in combination with entry/exit of firms. The empirical results are …
Persistent link: https://www.econbiz.de/10008626064
competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …
Persistent link: https://www.econbiz.de/10005008615
Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by … dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market … structure and long-run firm values for two U.S. service industries, dentists and chiropractors. We find that entry costs faced …
Persistent link: https://www.econbiz.de/10005058836
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
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A … provides a good fit to the dynamics of firm entry and exit, output and R&D, and its implied elasticities are in the ballpark of ….5% because it deters entry of new high-type firms. On the contrary, substantial improvements (of the order of 5% improvement in …
Persistent link: https://www.econbiz.de/10010698829
competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …
Persistent link: https://www.econbiz.de/10004968359
in a duopoly that product characteristics will be efficient. Entry of a third firm will be more profitable in the fringes …. Furthermore entry results in too much variety. Finally, the paper presents a novel argument in favour of bundling. …
Persistent link: https://www.econbiz.de/10005113806