Stefan, Buehler; Christian, Kaiser; Franz, Jaeger - In: The B.E. Journal of Economic Analysis & Policy 4 (2005) 1, pp. 1-30
This paper provides evidence on the relation between the intensity of product-market competition and the probability of exit. We adopt a natural experiment approach to analyze the impact of a tightening of Swiss antitrust legislation on exit probabilities. Based on a sample of more than 68,000...