Showing 1 - 10 of 671
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/10010195032
We use a dynamic oligopoly model of entry and exit to evaluate how entry regulations affect profitability and market … stores in Sweden, we find that the average entry costs for small and large stores are 10 and 18 percent lower, respectively …, in markets with liberal compared with restrictive regulations. Counterfactual simulations show that lower entry costs in …
Persistent link: https://www.econbiz.de/10010206790
We study patterns of entry and exit in the German interurban bus industry in the first three years after its … German cities - with the intensity of entry being dependent on the number of inhabitants, average income, the share of under …
Persistent link: https://www.econbiz.de/10011739013
evidence. Without offsetting tax increases the legislation will plausibly reduce prices but significant entry into the industry …
Persistent link: https://www.econbiz.de/10010576066
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/10010263090
evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of …The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger … dominated mergers. Interestingly, we also find that mergers foreclose potential entry in other product markets and reduce the …
Persistent link: https://www.econbiz.de/10011481190
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
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
By studying the effect of different patterns of demand in an evolutionary selection model this paper shows how product … differentiation reduces competitive selection pressure and thus increases the chances for the coexistence of firms. With the example …
Persistent link: https://www.econbiz.de/10011494852
We analyze the strategic behavior of firms when demand is determined by a rule of thumb behavior of consumers. We assume consumer dynamics where individual consumers follow simple behavioral decision rules governed by imitation and habit as suggested in consumer research. On this basis, we...
Persistent link: https://www.econbiz.de/10003850650