Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - CESifo - 2013
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a … dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs … evidence that the duration of entry regulation has a negative impact on consumer surplus. We also find that entry protection …