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reduces the competitive pressure incumbents face which depresses productivity. Contrarily net entry strengthens competition … that focuses on two industrial features (1) slow firm entry/exit and (2) firm pricing that depends on the number of … tractable DGE model of endogenous firm entry/exit and endogenous markups. …
Persistent link: https://www.econbiz.de/10011717059
Persistent link: https://www.econbiz.de/10011751878
We analyse access price setting to a bottleneck facility where the fa- cility owner also competes in the deregulated downstream market. We consider a continuum of market structures from Cournot to Bertrand. These market structures are fully characterised by a single parame- ter representing the...
Persistent link: https://www.econbiz.de/10010911007
Free entry and exit from an industry is one of the indicators of competitive behaviour of that industry. It is alleged …
Persistent link: https://www.econbiz.de/10011246283
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 …
Persistent link: https://www.econbiz.de/10005144562
differentiation, auctions, regulation and entry. …
Persistent link: https://www.econbiz.de/10014024951
Persistent link: https://www.econbiz.de/10013356951
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 …
Persistent link: https://www.econbiz.de/10005045239
material inputs. To determine the likely profitability of a new plant, a processor must forecast the effect entry will have on … local post-entry raw material price. This requires anticipating how entry will affect market structure and intensify … processor competition in local procurement areas, an empirical model is developed to ex ante forecast the likely impact of entry …
Persistent link: https://www.econbiz.de/10009021217
The decision of how best to appropriate the value of new economic knowledge is reached by individuals within the context of the decision-making process embedded in the principal-agent model and applied to organizations. Because new economic knowledge is not only imperfect but also inherently...
Persistent link: https://www.econbiz.de/10005791501