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Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
Working Paper No. 0405
Verlag: 
University of Zurich, Socioeconomic Institute, Zurich
Zusammenfassung: 
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.
Schlagwörter: 
competition intensity
exit
natural experiment
JEL: 
D43
L23
L40
Dokumentart: 
Working Paper

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