Dunne, Timothy; Klimek, Shawn; Roberts, Mark; Xu, Daniel Yi - Census Bureau, Department of Commerce - 2009
dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market …Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by … expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a …