Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76182
Authors: 
Bühler, Stefan
Kaiser, Christian
Jaeger, Franz
Year of Publication: 
2005
Series/Report no.: 
Working Paper, Socioeconomic Institute, University of Zurich 0405
Abstract: 
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.
Subjects: 
competition intensity
exit
natural experiment
JEL: 
D43
L23
L40
Document Type: 
Working Paper

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