Bresnahan and Reiss (1991) derive entry thresholds (equilibrium numbers of firms) for local markets but do not investigate actual entry and exit flows. This paper investigates for thirteen Belgian retail and service industries whether markets with actual numbers of firms higher (lower) than the thresholds display exit (entry) in subsequent periods.
|Place of Publication||Maastricht|
|Publisher||METEOR, University of Maastricht|
|Number of pages||10|
|Publication status||Published - 2004|
|Name||METEOR Research Memoranda|
- ordered probit
- entry thresholds