We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …, optimal entry of original firms and all subsequent employee spinoffs is achieved, despite the fact that the original firm can … increases the rate of spinoffs from original firms. Indeed, if employers have all the bargaining power vis-à-vis their employees …

model of trade and location. More specifically, we introduce horizontal and vertical multi-region firms into the core … introduction of vertical multi-region firms that can separate the location of headquarter activities from the location of …