Dunne, Timothy; Klimek, Shawn; Roberts, Mark; Xu, Daniel Yi - Census Bureau, Department of Commerce - 2009
Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by … dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market … structure and long-run firm values for two U.S. service industries, dentists and chiropractors. We find that entry costs faced …