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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. …
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non-linear demand) in which entry increases efficiency is provided as well. …
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entrants make it easier to enter markets? We estimate the empirical relationship between market entry and patents for 27 … of entry by 3%-8%, and this relationship intensified following expansions in the patentability of software in the mid …, patents appear to substitute for complementary assets in the entry process, because patents have both greater entry …
Persistent link: https://www.econbiz.de/10009213943
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
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/10005178741
Using a dataset of dialysis facilities operating in more than 1000 U.S. counties in 2007, I examine the product choice of two types of firms: multiproduct dialysis facilities and single product dialysis facilities. I simulate the effect of a Medicare policy proposal in 2008 which reduces the...
Persistent link: https://www.econbiz.de/10010738078
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/10010593368