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Young firms are known to grow at a faster rate than incumbents. With administrative firm data from Germany, we show that the higher growth rates indeed translate into upward mobility within the sector-specific firm size distribution. Young firms are therefore not only able to catch up with...
The assumption that the telecommunications industry has natural monopoly characteristics dominated industrial policy during the twentieth century, supporting the monopolistic structure of telecommunications markets all across the world, and still prevails in many views on the economy of this...
This paper examines the competition between organic and non-organic firms, their incentives to undertake a horizontal merger, and the effect of mergers on firms’ market shares. We also consider an alternative setting where one firm can acquire its rival. For generality, we allow for product...
Industries serve an important function in strategic entrepreneurship. By placing the industrial structure at the focal point of analysis, Porter’s five forces model explains why some industries are more profitable than others. Yet, despite their importance in strategic entrepreneurship, studies...
This study examines the role of market structure and entry barrier factors on firm-level R&D activity of firms operating in the electronics sector in India. R&D efforts of a firm are distinguished in terms of (a) decision to undertake R&D activities, and (b) firm-level R&D intensity. To analyse...
Aldi, the biggest discounter in Germany, started to systematically extend shopping hours of its stores in 2016. We interpret the decision to extend opening hours of a specific Aldi store as entry into a new market. By using a novel data set containing the opening hours of nearly all German...
Desmet, Gumpert, and Ortίn have analyzed regional development using the Ricardian model, Heckscher-Ohlin theorem or the core peripheral model. However, how the individual assumptions behave with each other (capital transfers to the number of companies or utility values) or in combination...
This article is an updated version of the article originally published Online First. The updated version was necessary in order to provide, first, a more detailed illustration of the differences to particularly two other papers of the author (‘Regional inequality.
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