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pattern (varieties and markets) of existing firms in combination with entry/exit of firms. The empirical results are …This paper develops a framework to appreciate the observed heterogeneity of firm size distributions and the entry and … exit of products and firms associated with it. It is based on a model where new products are introduced by innovating firms …
Persistent link: https://www.econbiz.de/10008626064
a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs. The …
Persistent link: https://www.econbiz.de/10008498440
of a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs …
Persistent link: https://www.econbiz.de/10008472094
subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent … entrants is the main selection force in declining markets. As product life cycles progress, trial-and-error entry subsides, and …
Persistent link: https://www.econbiz.de/10004970275
We present a theory of entrepreneurial entry and exit decisions. Knowing their own managerial talent, entrepreneurs …
Persistent link: https://www.econbiz.de/10005126698
that entry and exit rates are positively correlated across industries. Our objective is to investigate the effect of sunk … costs and, in particular, market size on entry and exit rates. We analyse a stochastic dynamic model of a monopolistically … show existence and uniqueness of a stationary equilibrium with simultaneous entry and exit: efficient firms survive while …
Persistent link: https://www.econbiz.de/10005136712
entrepreneurs and the entry and exit rate of entrepreneurs simultaneously and consistently. We apply our unified approach to the … by both high entry and high exit rates. …
Persistent link: https://www.econbiz.de/10005136948
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 …
Persistent link: https://www.econbiz.de/10005058836
In his oft-cited "What do we know about entry?", Paul Geroski (1995) gave a survey of empirical works on this central …
Persistent link: https://www.econbiz.de/10005090537
, either heteroskedasticity in the growth rates has to be assumed, or entry and exit mechanisms included. In particular I show … that combining the broad class of threshold entry mechanisms and the more restricted class of threshold exit mechanisms … with overcapacity penalizing all firms (where entry and exit are determined with reference to an exogenously defined total …
Persistent link: https://www.econbiz.de/10005094027