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This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10009764443
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10010670793
We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition and market performance. We employ a dynamic oligopoly model in which firms make entry, exit, and production decisions in the presence of declining entry costs and learning by...
Persistent link: https://www.econbiz.de/10012287789
We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition and market performance. We employ a dynamic oligopoly model in which firms make entry, exit, and production decisions in the presence of declining entry costs and learning by...
Persistent link: https://www.econbiz.de/10012314839
We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition and market performance. We employ a dynamic oligopoly model in which firms make entry, exit, and production decisions in the presence of declining entry costs and learning by...
Persistent link: https://www.econbiz.de/10012822507
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10013079870
analysis reveals that growth in innovation stocks via increasedR&D in specialized and science-based industries spurred … lacking such effects. Moreover, these specialized and science-basedindustries experienced strong innovation and productivity …
Persistent link: https://www.econbiz.de/10010312160
analysis reveals that growth in innovation stocks via increasedR&D in specialized and science-based industries spurred … lacking such effects. Moreover, these specialized and science-basedindustries experienced strong innovation and productivity …
Persistent link: https://www.econbiz.de/10005013223
The central prediction of the Aghion et al. (2005) model is an inverted U-shaped relation between innovation and …-sector firms. However, non-exporting service firms deviate from the overall pattern. A more detailed breakdown of innovation … capacity to handle innovation projects internally and as competition increases, so does the payoff of an edge to competitors. …
Persistent link: https://www.econbiz.de/10010281438
Does competitive pressure foster innovation? In addressing this important question, priorstudies ignored a distinction … between discrete innovation aiming at entirely new technologyand continuous improvement consisting of numerous incremental …
Persistent link: https://www.econbiz.de/10005861521