An infinite-horizon, stochastic model of entry and exit with sunk costs and imperfect competition is constructed … tends to exhibit excessive entry and insufficient exit relative to a social optimum. …. Simple examples provide insights into: (1) the relationship between sunk costs and industry concentration, (2) entry when …

of foreign direct investment on local industry hinges on the dynamics of foreign and domestic establishments, i.e., entry …, selection (exit), and growth processes. Our analysis on foreign and domestic establishments in Turkish manufacturing industry … growth in the early post-entry period. …

lose it. Some of the resulting turnover is due to entry and exit. Another part arises from growth and decline in incumbent …

. It shows that to date there is little evidence of a structural shift. Entry rates of new establishments within the ICT …