The Failure of Free Entry
收藏NBER2019-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26001
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资源简介：
We study the entry and exit of firms across U.S. industries over the past 40 years. The elasticity of entry with respect to Tobins Q was positive and significant until the late 1990s but declined to zero afterwards. Standard macroeconomic models suggest two potential explanations: rising entry costs
提供机构：
美国国家经济研究局
创建时间：
2019-06-01
