Showing 1 - 10 of 203
We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry …
Persistent link: https://www.econbiz.de/10010298655
regulates the type of entry that dominates in the economy: new products or more competition in existing industries. Considering …
Persistent link: https://www.econbiz.de/10010322761
We investigate the nature of market failure in a dynamic version ofAkerlof (1970) where identicalcohorts of a durable good enter the market over time. In the dynamicmodel, equilibria withqualitatively different properties emerge. Typically, in equilibriaof the dynamic model, sellerswith higher...
Persistent link: https://www.econbiz.de/10010324453
We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new …
Persistent link: https://www.econbiz.de/10010324471
market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a … threat of entry; andthere are parameter values for which the bank makes more profits with the threat of entry thanwithout. …
Persistent link: https://www.econbiz.de/10010324775
The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose, we go through the selection of the optimal degree of vertical disintegration of a flexible firm which operates in a dynamic uncertain environment. The enterprise we model enjoys...
Persistent link: https://www.econbiz.de/10010331069
We investigate a Cournot model with strategic R&D investments wherein efficient low-cost firms compete against less efficient high-cost firms. We find that an increase in the number of high-cost firms can stimulate R&D by the low-cost firms, while it always reduces R&D by the high-cost firms....
Persistent link: https://www.econbiz.de/10010332211
meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm …. That is, entry can stimulate R&D effort. Moreover, the incumbent's profit nonmonotonically changes as the number of … entrants increases. Depending on the fixed entry costs and R&D technologies, both insufficient and excess entry can appear. …
Persistent link: https://www.econbiz.de/10010332451
Persistent link: https://www.econbiz.de/10010334868
combining the time needed to comply with government entry procedures in 45 countries with industry-level data on employment … takes less time to register new businesses have seen more entry in industries that experienced expansionary global demand … country–or group of countries with similar entry regulations–will in general yield biased results. …
Persistent link: https://www.econbiz.de/10011604804