This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify …. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional …

This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify …. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional …

This paper documents the cyclical patterns of business entry and exit dynamism in the US using the Business Dynamic … procyclical while the exit margin shows little cyclicality. In addition to the entry and exit rates, the numbers and relative … Statistics (BDS) dataset. The main finding is that, for both firms and establishments, the entry margin is significantly …

average wage starts out low for a new plant and increases along with labor productivity as the plant ages. As a plant … approaches exit, its average wage falls, but more slowly than it rises in the case of growing plants. Moreover, the average wage … does not fall as fast as productivity does. A dynamic model of labor quality and quantity choice by plants is estimated to …