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 …

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 … situation in terms of disequilibrium before and after the early 1980's.Periods of high unemployment appear to be characterized …

framework where the mass of firms is endogeneously determined. In contrast to the recent literature, the entry and exit …