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dc.contributor.authorCoad, Alexen_US
dc.contributor.authorTeruel, Mercedesen_US
dc.date.accessioned2010-12-20en_US
dc.date.accessioned2012-04-24T15:44:16Z-
dc.date.available2012-04-24T15:44:16Z-
dc.date.issued2010en_US
dc.identifier.piurn:nbn:de:gbv:27-20110628-151526-4en_US
dc.identifier.urihttp://hdl.handle.net/10419/57544-
dc.description.abstractInter-firm competition has received much attention in the theoretical literature, but recent empirical work suggests that the growth rates of rival firms are uncorrelated, and that firm growth can be taken as an essentially independent process. We begin by investigating the correlations of the growth rates of competing firms (i.e. the largest and second-largest firms in the same industry) and observe that, surprisingly, the growth of these firms can be taken as independent. Nevertheless, peer-effect regressions, that take into account the simultaneous interdependence of growth rates of rival firms, are able to identify significant negative effects of rivals' growth on a firm's growth.en_US
dc.language.isoengen_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on economics and evolution 1018en_US
dc.subject.jelL25en_US
dc.subject.ddc330en_US
dc.subject.keywordCompetitionen_US
dc.subject.keywordFirm growthen_US
dc.subject.keywordPeer effects econometricsen_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwWettbewerben_US
dc.subject.stwSoziale Gruppeen_US
dc.subject.stwSchätzungen_US
dc.subject.stwSpanienen_US
dc.titleInter-firm rivalry and firm growth: Is there any evidence of direct competition between firms?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn642171491en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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