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Djankov, Simeon - 2000

We present new data on the regulation of entry of start-up firms in 75 countries. The data set contains information on … official costs of entry are extremely high in most countries. Countries with heavier regulation of entry have higher corruption … benevolent regulation, but support the (grabbing hand) view that entry regulation benefits politicians and bureaucrats …

Persistent link: https://www.econbiz.de/10012470845

Heterogeneity in the effect of regulation on entrepreneurship and entry size

Ardagna, Silvia - 2009

the heterogeneity of the effect of entry, contract enforcement regulation, and financial development on both the decision … the level of regulation and financial development and some individual characteristics that are important determinants of … entrepreneurship, such as gender, business skills, and social networks. We find that entry regulation moderates the effect of business …

Persistent link: https://www.econbiz.de/10012463139

Competition Policy in a Simple General Equilibrium Model

Kaplow, Louis - National Bureau of Economic Research - 2021

The flow of resources across sectors to their best use, with concomitant entry and exit, is central to the functioning and welfare properties of a market economy. Nevertheless, most industrial organization research, including applications to competition policy, undertakes partial equilibrium...

Persistent link: https://www.econbiz.de/10012482697

Sunk Costs and Real Options in Antitrust

Pindyck, Robert S. - 2005

Sunk costs play a central role in antitrust economics, but are often misunderstood and mismeasured. I will try to clarify some of the conceptual and empirical issues related to sunk costs, and explain their implications for antitrust analysis. I will be particularly concerned with the role of...

Persistent link: https://www.econbiz.de/10012467249

Merchant Transmission Investment

Joskow, Paul - 2003

We examine the performance attributes of a merchant transmission investment framework that relies on market driven' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent set of assumptions, the merchant investment model...

Persistent link: https://www.econbiz.de/10012469168

Old Moats for New Models : Openness, Control, and Competition in Generative AI

Azoulay, Pierre; Krieger, Joshua L.; Nagaraj, Abhishek - National Bureau of Economic Research - 2024

Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping generative AI advances. Central to our analysis are the concepts of appropriability--whether firms in the industry are able to control the knowledge generated by their innovations--and...

Persistent link: https://www.econbiz.de/10014544752

Political Determinants of Competition in the Mobile Telecommunication Industry

Faccio, Mara - 2017

government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation …

Persistent link: https://www.econbiz.de/10012455639

The Failure of Free Entry

Gutiérrez, Germán - 2019

We study the entry and exit of firms across U.S. industries over the past 40 years. The elasticity of entry with respect to Tobin's Q was positive and significant until the late 1990s but declined to zero afterwards. Standard macroeconomic models suggest two potential explanations: rising entry...

Persistent link: https://www.econbiz.de/10012479950

Business environment and firm entry : evidence from international data

Klapper, Leora - 2004

"Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a country drives the creation of new firms. Our focus is on regulations governing entry. We find entry regulations hamper entry, especially in industries that naturally should have...

Persistent link: https://www.econbiz.de/10010523101

Regulation of Entry and the Distortion of Industrial Organization

Fisman, Raymond - 2004

We study the distortions to industrial organization caused by entry regulation. We take advantage of heterogeneity … affected by country-level entry regulation. In industries with high natural entry barriers, entry regulation has little impact …, countries with high entry regulation have relatively few, large firms. We find no relation between natural entry barriers and …

Persistent link: https://www.econbiz.de/10012467758