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The competition effect in business cycles

Lewis, Vivien; Stevens, Arnoud - 2012

the "competition effect", by which desired price markups and inflation decrease when entry rises. We find that a 1 percent …

Persistent link: https://www.econbiz.de/10010391305

Entry and markup dynamics in an estimated business cycle model

Lewis, Vivien; Stevens, Arnoud - In: European economic review : EER 74 (2015), pp. 14-35

Persistent link: https://www.econbiz.de/10011522579

Macroeconomic fluctuations and firm entry: theory and evidence

Lewis, Vivien - 2006

This paper studies the behaviour of firm entry and exit in response to macroeconomic shocks. We formulate a dynamic stochastic general equilibrium model with an endogenous number of producers. From the calibrated model, we derive a minimum set of robust sign restrictions to identify four kinds...

Persistent link: https://www.econbiz.de/10011506624

Business cycle evidence on firm entry

Lewis, Vivien - 2008

Business cycle models with sticky prices and endegenous firm entry make novel predictions on the transmission of shocks through the extensive margin of investment. This paper tests some of these predictions using a vector autoregression with model-based sign restrictions. We find a positive and...

Persistent link: https://www.econbiz.de/10010295880

Firms' heterogeneity, endogenous entry, and exit decisions

Totzek, Alexander - 2009

As GDP is highly correlated with both entering and exiting firms, we develop a totally microfounded DSGE model with endogenous firms entry as well as exit decisions. We show that the simplifying assumption of a constant firms' death rate made by the recent literature on DSGE modelling can lead...

Persistent link: https://www.econbiz.de/10010299744

Increasing domestic financial participation : implications for business cycles and labor markets

Epstein, Brendan; Finkelstein Shapiro, Alan - In: Review of economic dynamics 39 (2021), pp. 128-145

Persistent link: https://www.econbiz.de/10012795105

Endogenous firm entry in an estimated model of the US business cycle - updated version

Offick, Sven; Winkler, Roland - 2015

business cycle fluctuations. The amplification mechanism works through the competition and the variety effect. This paper tests … the significance of this amplification mechanism, quantifies its importance, and disentangles the competition and the … competition and the variety effect are estimated to be statistically significant. Together, they amplify the volatility of output …

Persistent link: https://www.econbiz.de/10011390479

The cyclicality of entry and exit : the role of imperfect information

Woo, Jinhee - In: Journal of economic dynamics & control 137 (2022), pp. 1-20

Persistent link: https://www.econbiz.de/10013464564

Firm creation, entry costs, and house-price volatility

Epstein, Brendan; Finkelstein Shapiro, Alan; González … - In: The Scandinavian journal of economics 125 (2023) 3, pp. 688-716

Persistent link: https://www.econbiz.de/10014362702

Returns to scale, firm entry, and the business cycle

Smirnyagin, Vladimir - In: Journal of monetary economics 134 (2023), pp. 118-134

Persistent link: https://www.econbiz.de/10014279131