This paper presents empirical evidence that endogenous fixed costs play a central role in determiningthe equilibrium structure of the supermarket industry. Using the framework developedin Sutton (1991), I construct a model of supermarket competition where escalating investment infirm level...

This paper examines competition between supermarket chains using a dynamicmodel of strategic investment. Employing a unique eleven year panel dataset of storelevel observations that includes every supermarket operating in the United States, wepropose and estimate a fully dynamic model of chain...

This article examines the role of regional clusters in regional entrepreneurship. We focus on the distinct influences of convergence and agglomeration on growth in the number of start-up firms as well as in employment in these new firms in a given region-industry. While reversion to the mean and...