This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share …

We examine the effect of a threat of entry on experimentation about demand by an incumbent monopolist when there is a … fixed cost of entry. We also examine the impact of experimentation on the probability of entry into the market. We show that … experimentation may itself be used as a tool for entry deterrence and derive conditions under which experimentation reduces the …

exogenous costs or qualities. In this paper, we introduce a real entry process by formulating a multistage Ricardian equilibrium … model with free entry and stochastic product qualities and costs. The set of active firms and their qualities and costs are … determined by an equilibrium dynamic entry process in which an unlimited number of potential entrants face identical investment …

In this paper, we review and explore the strategic mechanisms that deter entry in banking. The literature relies on … externality between banks to generate entry deterrence. Typically, the externality generated is caused by differential adverse … borrowers is neither a necessary nor a sufficient condition for entry deterrence. We show that cost asymmetry between different …

sell post-entry use entry to credibly reveal information on quality. Incumbents are then willing to pay high prices for … individuals, we find evidence that high-quality inventions are sold under preemptive bidding competition, post entry. …When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry …

We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new … qualitativelydifferent from thestatic equilibria, emerge. Typically, in equilibria of the continuous timemodel sellers withhigher quality … of quality there exist aninfinite number ofcyclical equilibria where all goods are traded within a finite time …

This unique study examines the interactive role of bank competition and foreign bank entry in explaining the risk … model and Two-stage Least Squares model (2SLS with Generalized Method of Moments GMM), we document that foreign bank entry … stability. Furthermore, the joint effect of bank competition and foreign bank entry brings financial fragility because host …

disadvantaged ones; trim the sales of high cost firms to all countries, but especially to disadvantaged ones; reduce firm entry in …