This article examines patterns of entry and exit in a relatively homogeneous product market to investigate the impact of entry on incumbent firms and market structure. In particular, we are interested in whether the organizational form of entrants matters for the competitive decisions of...

The candor of patent applicants is an important determinant of patent quality. This paper investigates whether patent applicants strategically withhold citations to material quot;prior art.quot; Citation data suggest that applicants withhold between 21 and 32 percent of relevant citations....

Hollywood converted to sound in three years. In comparison, Hollywood's conversion to color required more than three decades, and included a three-year period in which the share of color movies declined from 58 to 31 percent. We investigate this puzzling adoption profile using detailed data on...

One explanation for the comparatively lower quality of movie sequels is selection bias, known in personnel economics as the Peter principle (Lazear, 2004). Only abnormally successful movies are selected for a sequel. Another explanation is a deterministic depreciation in quality due to the...

his paper studies the effect of self-regulation on the leniency of cinema age restrictions using cross-country variation in the classifications applied to 1,922 movies released in 31 countries between 2002 and 2011. Our data show that restrictive classifications reduce box office revenues,...

This article examines patterns of entry and exit in a relatively homogeneous product market to investigate the impact of entry on incumbent firms and market structure. In particular, we are interested in whether the organizational form of entrants matters for the competitive decisions of...