A structural model of entry and fiscal policy is presented. It shows that taxation of variable production costs can increase product prices, lower competition, and reduce the availability of new products in small markets. The model's test is based on a unique nationwide fiscal experiment. We...

This paper studies the effects of aggregate, industry-, and firm-specific factors on the exit hazard rates in the market for daily newspapers in The Netherlands from 1950 to 1996. We present a brief overview of the exit literature. On the basis of the existing empirical evidence, we decided to...

The degree of endemic volatility in the number of firms and establishments varies considerably across industries. Examining the within-industry range of variation (max.-min.) of the number of firms over our sample period, the low and high values across U.S. manufacturing industries are 4 and...

Die Arbeit untersucht Entscheidungen des Bundeskartellamtes in den Bereichen "Missbrauchsaufsicht" und "Wettbewerbsbeschränkende Vereinbarungen". Die hier interessierende Frage ist, inwieweit die Entscheidungen der Kartellbehörde durch Kenntnis des Vorwurfs und einiger beobachtbarer...