Belzil, Christian; Bognanno, Michael - Groupe d'Analyse et de Théorie Économique Lyon … - 2004
We formulate an empirical model of promotion with dynamic self-selection where the current promotion probability … specific attributes, time varying firm specific variables (firm size and profits) as well as endogenous past promotion … histories. We examine the causal effect of previous promotion histories (as measured by realized speed of promotion) on future …