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1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that … enter in year t are less productive than incumbent firms in year t. (H3) Surviving firms from an entry cohort were more …
Persistent link: https://www.econbiz.de/10010263814
We study patterns of entry and exit in the German interurban bus industry in the first three years after its … German cities - with the intensity of entry being dependent on the number of inhabitants, average income, the share of under …
Persistent link: https://www.econbiz.de/10011739013
business exit, otherwise it is a status quopreserving business exit. The motives for divestiture specified in prior studies are … choice between strategic and status quo-preserving business exit with secondary data on 213 divestitures during 1999 … firm financial performance is a stronger predictor of strategic business exit than corporate strategy. …
Persistent link: https://www.econbiz.de/10010263702
determinants of route entry for both providers. Applying survival models, we find that both companies show an increased probability … increased entry probability independent of the presence of a competitor. …
Persistent link: https://www.econbiz.de/10011514694
Persistent link: https://www.econbiz.de/10011508563
effects into components attributable to selection on unobservables, and to changes in the way that displaced workers are … a large increase in post-displacement employment in the temporary work sector after the reforms. Sorting into worse … wage loss. Collectively, the sorting and matching channels explain almost all of the Hartz reforms' effect on post-displacement …
Persistent link: https://www.econbiz.de/10012228177
Price setting in German metal-working industries is analysed using a monthly panel of individual price data for more than 2,000 plants covering the period from 1980 to 2001. Motivated by several models in the literature, a duration model is estimated. Price changes can be explained by a...
Persistent link: https://www.econbiz.de/10010295770
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state-dependent price adjustment. Most importantly, the...
Persistent link: https://www.econbiz.de/10010295804
Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit maximisation problem assuming perfect input markets. At...
Persistent link: https://www.econbiz.de/10010295894
The Scale-Efficiency version of the Efficient-Structure Hypothesis and the Structure-Conduct-Performance Hypothesis find empirical support in German banking data from 1998 to 2002. Due to the acceptance of the two hypotheses and the existence of overall economies of scale, we conclude that...
Persistent link: https://www.econbiz.de/10010296340