Competition Policy and Exit Rates: Evidence from Switzerland

Stefan Buehler, Kaiser Christian () and Jaeger Franz ()
Additional contact information
Kaiser Christian: University of St. Gallen
Jaeger Franz: University of St. Gallen

The B.E. Journal of Economic Analysis & Policy, 2005, vol. 4, issue 1, 1-28

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.

Keywords: competition intensity; exit; natural experiment (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (8)

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DOI: 10.2202/1538-0645.1444

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