In spite of the large and growing literature on producer heterogeneity and firm exit behavior, little attention has been paid to the vintage capital theory of firm exits as an alternative hypothesis to learning/selection. Interpreted at the firm level the vintage capital theory predicts that...

In this case study of the Swedish beer market we relate the volatility of firms' market shares to changes in their products' market shares. We focus on the four leading firms' product portfolios, and in particular the development of the market shares of old, newly introduced, and withdrawn...

Two jurisdictions compete to capture the rents of a large multinational enterprise (MNE) which invests locally and which is partly owned by local investors. The MNE contributes to local welfare by tax payments and dividends and it has private information about the efficiency of the operations in...