Albornoz, Facundo; Hallak, Juan Carlos; Fanelli, Sebastián - Departamento de Economía, Universidad de San Andrés - 2014
This paper explores the determinants of firm survival in export markets. Our theoretical framework includes a geometric …- and market-specific profitability shifters that are constant over time. We derive the probability of survival upon entry … the profitability shifters. Also, we show that the survival probability is unaffected by fixed costs if sunk costs are …