Regulatory Barriers & Entry in Developing Economies
dc.contributor.author | Bennett, John | en_US |
dc.contributor.author | Estrin, Saul | en_US |
dc.date.accessioned | 2007-10-25T20:08:43Z | |
dc.date.available | 2007-10-25T20:08:43Z | |
dc.date.issued | 2006-03-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2006-824 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/57204 | en_US |
dc.description.abstract | We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to ëexcessive’ entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence fee, bureaucratic delay creates a strategic opportunity, which can result in both greater entry by first movers and a higher steady-state number of firms. Delay also leads to speculation, with entrepreneurs taking out licences to obtain the option of immediate entry if they later observe the industry to be profitable enough. | en_US |
dc.format.extent | 410736 bytes | |
dc.format.extent | 1802 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.relation.ispartofseries | 824 | en_US |
dc.subject | Entry, Entry Barriers, Developing Economy. | en_US |
dc.subject.other | L15, O14 | en_US |
dc.title | Regulatory Barriers & Entry in Developing Economies | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | William Davidson Institute | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/57204/1/wp824 .pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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