This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show … that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality … wisdom, a minimum quality standard should not always be considered as a barrier to entry. …

This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show … that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality … wisdom, a minimum quality standard should not always be considered as a barrier to entry. …

entry is not socially optimal and we argue that the imposition of a Minimum Quality Standard (MQS) may induce firms to enter …

evidence. Without offsetting tax increases the legislation will plausibly reduce prices but significant entry into the industry …

a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs. The …

competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …

subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent … entrants is the main selection force in declining markets. As product life cycles progress, trial-and-error entry subsides, and …