The effects of state and industry economic conditions on new firm entry
Article Abstract:
The macroeconomic factors influencing the establishment of new firms are studied. Results show that growth in industry GNP, state disposable income, state unemployment rates and percentage of the population living in urban areas encourage new firm entry while state wage and average rates negatively affect entry. State unemployment, wage and tax rates also influence entry in industries whose outputs are traded across state borders.
Publication Name: Journal of Economics and Business
Subject: Economics
ISSN: 0148-6195
Year: 1996
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On economic incentive for quality upgrading
Article Abstract:
An analysis of the profit-incentive for quality upgrading reveals that there is a profit division where a tacit collusion may ensure that a high-cost firm earns more than the low-cost firm. Moreover, the study reveals that the low-cost firm cannot assure itself of higher profits in either the Nash equilibrium or the collusion equilibrium thus questioning the superiority of low-cost firms over high-cost firms.
Publication Name: Journal of Economics and Business
Subject: Economics
ISSN: 0148-6195
Year: 1997
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The entry/exit real options model for internet securities trading business
Article Abstract:
A business model for evaluating whether to enter or exit the internet securities trading business using real options approach (ROA) is proposed. The model takes the rate of internet trading and total number of securities transactions of a securities firm as the primary decision variables. The differences between the real options approach and the net present value method are discussed.
Publication Name: Journal of Economics and Business
Subject: Economics
ISSN: 0148-6195
Year: 2005
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