Stefan Buehler () (Socioeconomic Institute, University of Zurich) Christian Kaiser () (University of St. Gallen) Franz Jaeger () (University of St. Gallen)
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This paper provides evidence on the relation between the intensity of product market competition and the probability of exit. We adopt a natural experiment approach towards analyzing the impact of a tightening of Swiss antitrust legislation on exit probabilities. Based on a sample of more than 68,000 firms from all major sectors of the Swiss economy, we find that the exit probability of nonexporting firms increased significantly, whereas the exit probability of exporting firms remained largely unaffected. Our results support the notion that there is a positive relationship between the intensity of product market competition and the probability of exit.
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Publisher Info
Paper provided by University of Zurich, Socioeconomic Institute in its series Working Papers with number
0405.
Length: 24 pages Date of creation: Mar 2004 Date of revision:
Apr 2005 Publication status: Published in Contributions to Economic Analysis and Policy 4(1), 2005, Article 15 Handle: RePEc:soz:wpaper:0405
Find related papers by JEL classification: D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
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