Maican, Florin; Orth, ´Matilda - Institutet för Näringslivsforskning (IFN) - 2013
We use a dynamic oligopoly model of entry and exit to evaluate how entry regulations affect profitability and market structure in retail. The model incorporates demand and store-level heterogeneity. Based on unique data for all retail food stores in Sweden, we find that the average entry costs...