Entry-Exit Dynamics
Entry/exit cascade dynamics with bistable phase portrait: trivial equilibrium, unstable watershed , and stable high-participation equilibrium.
Impact Score
Score Reasoning
- Importance
- Makes J endogenous, essential for regime shift and mesh formation. Bistable phase portrait with critical mass threshold connects micro entry decisions to macro regime shifts.
- Novelty
- Endogenous J in CES with bistable dynamics is a new result. Connection between CES participation value, coordination game structure, and Romer variety expansion through curvature K is original.
- Quality
- Well-structured with clear phase portrait description, bistability mechanics, welfare analysis, and hysteresis. Good LaTeX tables and cross-links.