This paper characterises optimal monetary policy in an economy with endogenous …firm entry, a cash …-in-advance constraint and preset wages. Firms must make pro…fits to cover entry costs; thus the markup on goods prices is efficient. However … and production are suboptimally low. Due to the labour requirement in entry, insufficient labour supply also implies that …

/product entry and a translog expenditure function by Bayesian methods. The dynamics of net business formation allow us to identify … the 'competition effect', by which desired price markups and inflation decrease when entry rises. We …find that a 1 …

collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …

The paper estimates the effects of entry by low-cost carrier JetBlue Airways in long-haul domestic U.S. airline markets …. For the period from 2000 to 2009, we find that non-stop fares were on average about 21 percent lower post-entry; however …, the magnitude of the price effect depends on the pre-entry market structure. While entry into monopoly markets triggered …

that, over the course of time, many entrants have begun to take advantage of unbundling. LLU entry only had a positive … contrast, LLU entry continues to have a positive impact on the quality of the service provided, as entrants differentiate their …

consider the problem of excess entry under free-entry equilibrium relative to the social optimum. Firms choose to enter or exit … socially inefficient or excessive entry in equilibrium. However, we uniquely demonstrate that research spillovers hold the key … to whether established results regarding socially inefficient entry hold. Specifically, excessive entry occurs as long as …

This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show … that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality … wisdom, a minimum quality standard should not always be considered as a barrier to entry. …

The purpose of this article is to investigate the prospects for entry into an existing network in the telecommunication … for entering the network. We distinguish between classical (de novo) entry and reciprocal entry (incumbent entering the … access fees affect the competitive outcome. In the reciprocal entry model we find that lower access fees tend to discourage …

increases total entry costs. Thus, there is an optimal number of entries to the market, and we can evaluate whether the actual …, while the higher (lower) the entry cost and flight cancellation cost, the more likely is a situation of insufficient (excess …) entry. …