by both high entry and high exit rates. … entrepreneurs and theentry and exit rate of entrepreneurs simultaneously and consistently. We apply our unified approach tothe …

taking account of both the entry process and the role of survival/failure in reshaping a given population of firms over time … paper' main finding is that this rejection of Gibrat? Law may be due to market dynamics and selection. In other words, it is … due to the entry process and the presence of transient smaler firms. Indeed, whilst it is found that Gibrat' Law has to be …

different structural changes between countries to separate the respective effects. Our results show that the effect of entry … lead to misleading conclusions. We find no robust evidence that entry has a price-decreasing effect on markets with … originally 2 operators. However, the entry of a 4th operator does have a price-decreasing effect, but with different dynamics …

disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the … interrelationship between firm entry and exit in disequilibrium. Introducing a new methodology we investigate whether this … new-firm entry) while in overshoots competition induced by new firms (in particular strong displacement) helps restore …

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics …, to discriminate between three aspects of industry dynamics: the effect of entry and exit on market equilibrium, duration … simultaneous equilibrium model of profits, entry and exit. We find that indeed entrants play an entrepreneurial function causing …