expected, but they face high exit hazards. At the upper tail, the oldest firms are older than the exponential would have …

expected, but they face high exit hazards. At the upper tail, the oldest firms are older than the exponential would have …

expected, but they face high exit hazards. At the upper tail, the oldest firms are older than the exponential would have …

industry shakeout: a large number of firms exit within a short period. We present a simple timing game of entry and exit with …In many industries, the number of firms evolves non-monotonically over time. A phase of rapid entry is followed by an … particular, our model generates richer and more realistic dynamics than competitive models previously analyzed. The entry phase …

plant experiences productivity decline and approaches exit, average wage falls, but more slowly than it rises in the case of …

expected, but they face high exit hazards. At the upper tail, the oldest firms are older than the exponential would have …