A recent theoretical literature highlights the role of endogenous firm entry as an internal amplification mechanism of … variety effect. To this end, we estimate a medium-scale real business cycle model with firm entry for the U.S. economy. The …

A recent theoretical literature highlights the role of endogenous firm entry as an internal amplification mechanism of … variety effect. To this end, we estimate a medium-scale real business cycle model with firm entry for the U.S. economy. The … parameter governing the competition and variety effect is estimated to be statistically significant. We find that firm entry …

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 …