Entry regulation as a barrier to entrepreneurship
نویسندگان
چکیده
منابع مشابه
Entry regulation as a barrier to entrepreneurship
Using a comprehensive database of European firms, we study the effect of market entry regulations on the creation of new limited-liability firms, the average size of entrants, and the growth of incumbent firms. We find that costly regulations hamper the creation of new firms, especially in industries that should naturally have high entry. These regulations also force new entrants to be see fron...
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This study analyses employers‘ support for the introduction of industry-specifi c minimum wages as a cost-raising strategy in order to deter market entry. Using a unique data set consisting of 800 fi rms in the German service sector, we fi nd some evidence that high-productivity employers support minimum wages. We further show that minimum wage support is higher in industries and regions with l...
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In the U.S., local governments regulate private land use mainly through zoning. By creating a barrier to entry and lessening competition in local business markets, their regulation has the potential to generate a distortion. This paper assesses the empirical relevance of this hypothesis using microdata on midscale Texas chain hotels and land use regulation data collected from their local munici...
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This study analyses employers‘ support for the introduction of industry-specifi c minimum wages as a cost-raising strategy in order to deter market entry. Using a unique data set consisting of 800 fi rms in the German service sector, we fi nd some evidence that high-productivity employers support minimum wages. We further show that minimum wage support is higher in industries and regions with l...
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The received wisdom is that sunk costs create a barrier to entry—if entry fails, then the entrant, unable to recover sunk costs, incurs greater losses. In a strategic context where an incumbent may prey on the entrant, sunk entry costs have a countervailing effect: they may effectively commit the entrant to stay in the market. By providing the entrant with commitment power, sunk investments may...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2006
ISSN: 0304-405X
DOI: 10.1016/j.jfineco.2005.09.006