| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10133 |
| 来源ID | Working Paper 10133 |
| Entrant Experience and Plant Exit | |
| Timothy Dunne; Shawn D. Klimek; Mark J. Roberts | |
| 发表日期 | 2003-12-08 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | Producers entering a market can differ widely in their prior production experience, ranging from none to extensive experience in related geographic or product markets. In this paper, we quantify the nature of prior plant and firm experience for entrants into a market and measure its effect on the plant's decision to exit the market. Using plant-level data for seven regional manufacturing industries in the U.S., we find that a producer's experience at the time it enters a market plays an important role in the subsequent exit decision, affecting both the overall probability of exit and the method of exit. After controlling for observable plant and market profit determinants, there remain systematic differences in failure patterns across three groups of plants distinguished by their prior experience: de novo entrants, experienced plants that enter by diversifying their product mix, and new plants owned by experienced firms. The results indicate that the exit decision cannot be treated as determined solely by current and future plant, firm, and market conditions, but that the plant's history plays an important independent role in conditioning the likelihood of survival. |
| 主题 | Industrial Organization ; Firm Behavior ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w10133 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567761 |
| 推荐引用方式 GB/T 7714 | Timothy Dunne,Shawn D. Klimek,Mark J. Roberts. Entrant Experience and Plant Exit. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10133.pdf（236KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
