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competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
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The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...
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explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …
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