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Competition policy and exit rates: evidence from Switzerland


Buehler, S; Kaiser, C; Jaeger, F (2005). Competition policy and exit rates: evidence from Switzerland. B.E. Journal of Economic Analysis & Policy, 4(1):15.

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 to analyze 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 non-exporting 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.

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 to analyze 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 non-exporting 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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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:24 November 2005
Deposited On:11 Feb 2008 12:21
Last Modified:05 Apr 2016 12:17
Publisher:Berkeley Electronic Press
ISSN:1935-1682
Additional Information:Copyright: Berkeley Electronic Press
Official URL:http://www.bepress.com/cgi/viewcontent.cgi?article=1444&context=bejeap
Related URLs:http://www.bepress.com/bejeap/contributions/vol4/iss1/art15/
Permanent URL: http://doi.org/10.5167/uzh-1225

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