Similar Search Results

Bernard, Andrew B.; Wagner, Joachim - 2021

This paper examines the decision to enter the export market by German firms. While exports have played an important … role in recent German business cycle movements, little is known about the export supply response of German firms. This … paper presents a dynamic model of the export decision by a profit-maximizing firm. Using a panel of German manufacturing …

Persistent link: https://www.econbiz.de/10013228015

Multi-Product Firms and Product Switching

Bernard, Andrew B. - 2010

This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that one-third of the increase in real U.S. manufacturing shipments between 1972...

Persistent link: https://www.econbiz.de/10012761345

Entrant Experience and Plant Exit

Dunne, Timothy - 2010

Producers entering a market can differ widely in their prior production experience, ranging from none to extensive experience in related geographic or product markets. In this paper, we quantify the nature of prior plant and firm experience for entrants into a market and measure its effect on...

Persistent link: https://www.econbiz.de/10012762694

Firm Entry and Exit and Aggregate Growth

Asturias, Jose - 2017

Using data from Chile and Korea, we find that a larger fraction of aggregate productivity growth is due to firm entry and exit during fast-growth episodes compared to slow-growth episodes. Studies of other countries confirm this empirical relationship. We develop a model of endogenous firm entry...

Persistent link: https://www.econbiz.de/10012962176

Entry and Exit in OTC Derivatives Markets

Atkeson, Andrew - 2014

We develop a parsimonious model to study the equilibrium and socially optimal decisions of banks to enter, trade in, and possibly exit, an OTC market. Although we endow all banks with the same trading technology, banks' optimal entry and trading decisions endogenously lead to a realistic market...

Persistent link: https://www.econbiz.de/10013048057

A Comment on Nishimura, Nakajima, and Kiyota's "Does the Natural Selection Mechanism Still Work in Severe Recessions? Examination of the Japanese Economy in the 1990s"

Okada, Tae - 2007

Nishimura et al. (2005) analyze the entry/exit behavior of Japanese firms during the 1990s and find that relatively efficient firms exited while relatively inefficient firms survived during the banking-crisis period of 1996-97. They conclude that the natural selection mechanism (NSM) apparently...

Persistent link: https://www.econbiz.de/10012776344

Excessive Entry and Exit in Export Markets

Kasahara, Hiroyuki - 2019

Using transaction-level data for all Chinese firms exporting between 2000 and 2006, we find that on average 78% of exporters to a country in a given year were new exporters. Among these new exporters, an average of 60% stopped serving the same country the following year. These rates are higher...

Persistent link: https://www.econbiz.de/10012869539

Does Organizational Form Drive Competition? Evidence from Coffee Retailing

Adams, Brian - 2016

This article examines patterns of entry and exit in a relatively homogeneous product market to investigate the impact of entry on incumbent firms and market structure. In particular, we are interested in whether the organizational form of entrants matters for the competitive decisions of...

Persistent link: https://www.econbiz.de/10012984743

The Failure of Free Entry

Gutierrez Gallardo, German; Philippon, Thomas - 2022

We study the entry and exit of firms across U.S. industries over the past 40 years. The elasticity of entry with respect to Tobin’s Q was positive and significant until the late 1990s but declined to zero afterwards. Standard macroeconomic models suggest two potential explanations: rising...

Persistent link: https://www.econbiz.de/10014105633

A Unified Theory of Firm Selection and Growth

Arkolakis, Costas - 2011

This paper studies the effects of marketing choice to firm growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is profitable to incur the marginal cost to reach the first...

Persistent link: https://www.econbiz.de/10013119036

1
2
3
4
5
6
7
8
9
10
Next
Last