Showing 1 - 10 of 20
entry of new firms and the failure rates (exit) of existing firms. The data used in the study are counts of business … establishments currently operating by county and type of business. Backing out the entry and exit rates from the establishment count … imposed real costs on retail stores, encouraging exit. However, the exit of incumbents was partially offset by new entrants …
Persistent link: https://www.econbiz.de/10005328982
This paper analyses plant entry, total factor productivity growth, average productivity level differentials and … plant cohorts as well as across sub-markets within petrochemicals. Entry flows were steady increasing within plastics … that entrants adopted competitive post-entry strategies. Total factor productivity growth decomposition shows that the …
Persistent link: https://www.econbiz.de/10005328914
This paper studies the probability of survival of the manufacturing plants that start producing in Chile in the period 1979-1999 using a proportional hazards model. Opposing previous empirical international evidence, the survival diminishes with age, initial size, and with the rate of growth of...
Persistent link: https://www.econbiz.de/10005328922
firms indifferent between alternative entry and exit decisions. Their investment levels after entry reflects their length of … industry structrure (product life cycle) and changes in size and age distribution of firms over time. We explain why entry may …, may enter or exit the industry at any point of time and active firms undertake investment which reduces their future cost …
Persistent link: https://www.econbiz.de/10005130186
models into a unique one that point identifies the parameters of interest. We allow for a more flexible model of entry …. We might observe the wide dispersion because demand for airline travel is non-linear; because entry costs depend on the … network airlines strategically accommodate the entry of smaller carriers. We use our new econometric method to investigate the …
Persistent link: https://www.econbiz.de/10005063607
charges may make the firms collude on high prices. Moreover, when allowing for entry, we show that incumbents can profitably …
Persistent link: https://www.econbiz.de/10005702527
One result of the deregulation of utilities in New Zealand has been the bypass of existing networks. We investigate two cases of bypass in the distribution of natural gas, and compare the welfare properties of regulation vs.\ the `laissez-faire' equilibrium. We demonstrate that installing a...
Persistent link: https://www.econbiz.de/10005702578
The paper recognizes that expectations and the process of their formation are subject to standard decision making and are determined as a part of equilibrium. Accordingly, the paper presents a basic framework in which the form of expectation formation is a choice variable. At any point in time...
Persistent link: https://www.econbiz.de/10005328882
The present paper applies the Markov switching model with the aim of checking two industrial production features of six major Brazilian states. Firstly, we try to determine the date of business cycles and, soon afterwards, we verify the existence or not of an unobservable component that is...
Persistent link: https://www.econbiz.de/10005328920
Extant estimates of the welfare cost of business cycles suggest that this cost is quite low and might well be minuscule. Those estimates are based on consumption data for the United States as a whole. The volatility of aggregate consumption, however, is much stronger at the state level. We argue...
Persistent link: https://www.econbiz.de/10005328988