Europe's Revolving Doors: Import Competition and Endogenous Firm Entry Institutions

Cournot Competition and Endogenous Firm Size∗

We model the firm as a type of artificial neural network that plays a repeated Cournot game. Each period the firm must learn to map environmental signals to both demand parameters and it’s rival’s output choice. In this paper, though, this Cournot game is in the ’background,’ as we focus on the endogenous adjustment of network size. We investigate the long-run behavior of firm/network size as a...

Optimal Stabilization Policy with Endogenous Firm Entry

We study optimal monetary stabilization policy in a dynamic stochastic general equilibrium model where money is essential for trade and …rm entry is endogenous. We do so when all prices are ‡exible and also when some are sticky. Due to an externality a¤ecting …rm entry, the central bank deviates from the Friedman rule. Calibration exercises suggest that the nominal interest rate should have bee...

Establishment of Higher Education Institutions and New Firm Entry

Revolving doors and the optimal tolerance for agency collusion

In this article, I study how the presence of a revolving door and potential collusion between a regulator and a regulated firm affect the regulator's performance incentives. Contrary to the conventional wisdom, these seemingly undesirable features of the regulatory system may serve the interests of the government because (i) the regulator's efforts to enhance her industry qualifications may hav...

Revolving doors: imprisonment among the homeless and marginally housed population.

OBJECTIVES We studied a sample of homeless and marginally housed adults to examine whether a history of imprisonment was associated with differences in health status, drug use, and sexual behaviors among the homeless. METHODS We interviewed 1426 community-based homeless and marginally housed adults. We used multivariate models to analyze factors associated with a history of imprisonment. RE...