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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 … the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by …
Persistent link: https://www.econbiz.de/10010263805
Persistent link: https://www.econbiz.de/10008926371
a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs. The …
Persistent link: https://www.econbiz.de/10010300055
Following Bernard, Redding and Schott (2010), we have constructed product and firm level data on Japanese manufacturing firms using the Census of Manufacturers. Our empirical analysis based on the constructed data shows that multiple-product firms perform better than single-product firms and...
Persistent link: https://www.econbiz.de/10010903458
Gibrat's Law of proportionate effect, as applied to firms, states that the growth rate of a firm is independent of its size. Empirical work on firm dynamics finds crucial deviations from Gibrat's Law such as smaller firms growing faster than larger firms (Evans, 1987, and Hall, 1987), a negative...
Persistent link: https://www.econbiz.de/10005345253
organizational change) and 'external' restructuring (the process by which less efficient establishments exit and more efficient …
Persistent link: https://www.econbiz.de/10005666830
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/10010699973
In this paper we have attempted to examine aspects of the competitive selection process, firms’ entry, survival and … exit, in an important sector of Chinese manufacturing, looking in particular for changes resulting from the latest stage of …
Persistent link: https://www.econbiz.de/10005813014
a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs. The …
Persistent link: https://www.econbiz.de/10008498440
of a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs …
Persistent link: https://www.econbiz.de/10008472094