significantly increased in the municipalities receiving aid. This additional entry decreased average prices. Therefore, the …

introduced to pre-empt the entry of low cost competitor declined at the time of entry. Moreover, we find that regulation, which … competition between established operators and by entry of fourth low cost operator. …

formation. Models with an extensive investment margin, i.e. endogenous firm and product entry, have difficulties explaining … these two phenomena simultaneously. Considering different variants of an endogenous-entry business cycle model, we show that … crowding-in of both consumption and entry can be generated only under very specific assumptions. In a static model with full …

This paper estimates a business cycle model with endogenous firm entry by matching impulse responses to a monetary … entry may influence the monetary transmission process. Through the competition effect, the arrival of new entrants makes the … firm and product entry raises consumption utility and thereby lowers the cost of living. This implies higher markups and …

This paper describes optimal monetary policy in an economy with monopolistic competition, endogenous firm entry, a cash …-in-advance constraint and pre-set wages. Firms must make profits in order to cover entry costs; thus a mark-up on goods prices is necessary … requirement at market entry stage, insufficient labour supply also implies too little entry and too few firms in equilibrium. In …