Matches in SemOpenAlex for { <https://semopenalex.org/work/W3025064215> ?p ?o ?g. }
Showing items 1 to 95 of
95
with 100 items per page.
- W3025064215 abstract "Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. We find that entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all important determinants of long run firm values and market structure. As the number of firms in the market increases, the value of continuing in the market and the value of entering the market both decline, the probability of exit rises, and the probability of entry declines. The magnitude of these effects differ substantially across markets due to differences in exogenous cost and demand factors and across the dentist and chiropractor industries. Simulations using the estimated model for the dentist industry show that pressure from both potential entrants and incumbent firms discipline long-run profits. We calculate that a seven percent reduction in the mean sunk entry cost would reduce a monopolist's long-run profits by the same amount as if the firm operated in a duopoly." @default.
- W3025064215 created "2020-05-21" @default.
- W3025064215 creator A5001083508 @default.
- W3025064215 creator A5028801967 @default.
- W3025064215 creator A5037906045 @default.
- W3025064215 creator A5073644728 @default.
- W3025064215 date "2009-09-01" @default.
- W3025064215 modified "2023-09-29" @default.
- W3025064215 title "Entry, Exit, and the Determinants of Market Structure" @default.
- W3025064215 doi "https://doi.org/10.3386/w15313" @default.
- W3025064215 hasPublicationYear "2009" @default.
- W3025064215 type Work @default.
- W3025064215 sameAs 3025064215 @default.
- W3025064215 citedByCount "16" @default.
- W3025064215 countsByYear W30250642152012 @default.
- W3025064215 countsByYear W30250642152013 @default.
- W3025064215 countsByYear W30250642152014 @default.
- W3025064215 crossrefType "report" @default.
- W3025064215 hasAuthorship W3025064215A5001083508 @default.
- W3025064215 hasAuthorship W3025064215A5028801967 @default.
- W3025064215 hasAuthorship W3025064215A5037906045 @default.
- W3025064215 hasAuthorship W3025064215A5073644728 @default.
- W3025064215 hasBestOaLocation W30250642151 @default.
- W3025064215 hasConcept C10138342 @default.
- W3025064215 hasConcept C119857082 @default.
- W3025064215 hasConcept C121398111 @default.
- W3025064215 hasConcept C144133560 @default.
- W3025064215 hasConcept C155739000 @default.
- W3025064215 hasConcept C16051113 @default.
- W3025064215 hasConcept C162324750 @default.
- W3025064215 hasConcept C16520705 @default.
- W3025064215 hasConcept C175444787 @default.
- W3025064215 hasConcept C180456769 @default.
- W3025064215 hasConcept C18903297 @default.
- W3025064215 hasConcept C204208750 @default.
- W3025064215 hasConcept C2776291640 @default.
- W3025064215 hasConcept C2779713992 @default.
- W3025064215 hasConcept C2781090088 @default.
- W3025064215 hasConcept C40700 @default.
- W3025064215 hasConcept C41008148 @default.
- W3025064215 hasConcept C55004796 @default.
- W3025064215 hasConcept C79179835 @default.
- W3025064215 hasConcept C86803240 @default.
- W3025064215 hasConcept C91306197 @default.
- W3025064215 hasConceptScore W3025064215C10138342 @default.
- W3025064215 hasConceptScore W3025064215C119857082 @default.
- W3025064215 hasConceptScore W3025064215C121398111 @default.
- W3025064215 hasConceptScore W3025064215C144133560 @default.
- W3025064215 hasConceptScore W3025064215C155739000 @default.
- W3025064215 hasConceptScore W3025064215C16051113 @default.
- W3025064215 hasConceptScore W3025064215C162324750 @default.
- W3025064215 hasConceptScore W3025064215C16520705 @default.
- W3025064215 hasConceptScore W3025064215C175444787 @default.
- W3025064215 hasConceptScore W3025064215C180456769 @default.
- W3025064215 hasConceptScore W3025064215C18903297 @default.
- W3025064215 hasConceptScore W3025064215C204208750 @default.
- W3025064215 hasConceptScore W3025064215C2776291640 @default.
- W3025064215 hasConceptScore W3025064215C2779713992 @default.
- W3025064215 hasConceptScore W3025064215C2781090088 @default.
- W3025064215 hasConceptScore W3025064215C40700 @default.
- W3025064215 hasConceptScore W3025064215C41008148 @default.
- W3025064215 hasConceptScore W3025064215C55004796 @default.
- W3025064215 hasConceptScore W3025064215C79179835 @default.
- W3025064215 hasConceptScore W3025064215C86803240 @default.
- W3025064215 hasConceptScore W3025064215C91306197 @default.
- W3025064215 hasLocation W30250642151 @default.
- W3025064215 hasLocation W30250642152 @default.
- W3025064215 hasLocation W30250642153 @default.
- W3025064215 hasLocation W30250642154 @default.
- W3025064215 hasOpenAccess W3025064215 @default.
- W3025064215 hasPrimaryLocation W30250642151 @default.
- W3025064215 hasRelatedWork W1804676104 @default.
- W3025064215 hasRelatedWork W1938972707 @default.
- W3025064215 hasRelatedWork W1964382689 @default.
- W3025064215 hasRelatedWork W1975555673 @default.
- W3025064215 hasRelatedWork W1978390438 @default.
- W3025064215 hasRelatedWork W1994631100 @default.
- W3025064215 hasRelatedWork W2039285541 @default.
- W3025064215 hasRelatedWork W2088871723 @default.
- W3025064215 hasRelatedWork W2105077469 @default.
- W3025064215 hasRelatedWork W2116799033 @default.
- W3025064215 hasRelatedWork W2480990506 @default.
- W3025064215 hasRelatedWork W2496076667 @default.
- W3025064215 hasRelatedWork W2793317277 @default.
- W3025064215 hasRelatedWork W3121911457 @default.
- W3025064215 hasRelatedWork W3122060062 @default.
- W3025064215 hasRelatedWork W3122476699 @default.
- W3025064215 hasRelatedWork W3123512697 @default.
- W3025064215 hasRelatedWork W3123529542 @default.
- W3025064215 hasRelatedWork W3124239876 @default.
- W3025064215 hasRelatedWork W3124496790 @default.
- W3025064215 isParatext "false" @default.
- W3025064215 isRetracted "false" @default.
- W3025064215 magId "3025064215" @default.
- W3025064215 workType "report" @default.