Additive Intensity Regression Models in Corporate Default Analysis
in Journal of Financial Econometrics
June 2013; p ublished online January 2013 .
Journal Article. Subjects: Econometric and Statistical Methods; Special Topics; Bankruptcy; Econometric Modelling; Corporate Governance. 13776 words.
We consider additive intensity (Aalen) models as an alternative to the multiplicative intensity (Cox) models for analyzing the default risk of a sample of rated, nonfinancial U.S. firms....
Determinants of entry in the deregulated German interurban bus industry
in Industrial and Corporate Change
June 2018; p ublished online November 2017 .
Journal Article. Subjects: Transport; Market Structure, Firm Strategy, and Market Performance; Firm Objectives, Organization, and Behaviour; Econometric and Statistical Methods; Special Topics; Economics; Transportation Systems. 11261 words.
Abstract
Two years after the deregulation of the German interurban bus industry in January 2013, two new entrants emerged as industry leaders: MeinFernbus...
Early Entrant Protection in Approval Regulation: Theory and Evidence from FDA Drug Review
in The Journal of Law, Economics, and Organization
December 2010; p ublished online April 2009 .
Journal Article. Subjects: Regulation and Industrial Policy; Econometric and Statistical Methods; Special Topics; Economics of Health; Public Economics. 11613 words.
Early entrant protection in approval regulation exists when the first incumbents in an exclusive market niche receive more favorable regulatory treatment than later entrants. We show that...
AN EMPIRICAL ANALYSIS OF SECONDARY LINE PRICE DISCRIMINATION MOTIVATIONS
in Journal of Competition Law & Economics
June 2012; p ublished online April 2012 .
Journal Article. Subjects: Market Structure, Firm Strategy, and Market Performance; Econometric and Statistical Methods and Methodology: General; Econometric and Statistical Methods; Special Topics; Antitrust Issues and Policies; Firm Objectives, Organization, and Behaviour; Law and Economics; Regulation and Industrial Policy. 14707 words.
The prohibition of secondary line price discrimination stated in the Robinson-Patman Act probably still affects more business decisions than any other antitrust law. This article applies a...
Estimation of Distortion Risk Measures
in Journal of Financial Econometrics
January 2014; p ublished online March 2013 .
Journal Article. Subjects: Econometric and Statistical Methods; Special Topics; Corporate Governance. 6320 words.
For the class of distortion risk measures, a natural estimator has the form of L-statistics. In this article, we investigate the large sample properties of general L-statistics based on...
Firm dynamics and regional resilience: an empirical evolutionary perspective
in Industrial and Corporate Change
October 2016; p ublished online August 2016 .
Journal Article. Subjects: Urban, Rural, and Regional Economics; Market Structure, Firm Strategy, and Market Performance; Econometric and Statistical Methods; Special Topics. 9863 words.
This article breaks down the distributional analysis of firm growth rates to the domain of regions. Extreme growth events, i.e., turbulence at the level of firms, are conceptualized as an...
Innovation and the determinants of company survival
in Oxford Economic Papers
April 2010; p ublished online May 2009 .
Journal Article. Subjects: Technological Change; Research and Development; Econometric and Statistical Methods; Special Topics; Market Structure, Firm Strategy, and Market Performance. 9313 words.
Although many companies compete through the development of new technologies and products, it is well known that innovation is inherently risky and therefore may increase the ex ante likelih...
Measures of the geographic concentration of industries: improving distance-based methods
in Journal of Economic Geography
September 2010; p ublished online October 2009 .
Journal Article. Subjects: Manufacturing; Econometric and Statistical Methods; Special Topics; Mathematical Methods; Programming Methods; Mathematical and Simulation Modelling; Urban, Rural, and Regional Economics. 7027 words.
We discuss a property of distance-based measures that has not been addressed with regard to evaluating the geographic concentration of economic activities. The article focuses on the choice...
The patterns of Chinese firm growth: a conditional estimation approach of the asymmetric exponential power density
in Industrial and Corporate Change
June 2015; p ublished online March 2015 .
Journal Article. Subjects: Economywide Country Studies; Econometric and Statistical Methods; Special Topics; Market Structure, Firm Strategy, and Market Performance. 9128 words.
This article investigates the impact of ownership type on the entire growth rate distributional mass of Chinese firms, using a conditional estimation approach of the asymmetric exponential...
A probabilistic modeling approach to the detection of industrial agglomerations
in Journal of Economic Geography
May 2014; p ublished online February 2013 .
Journal Article. Subjects: Manufacturing; Econometric and Statistical Methods; Special Topics; Urban, Rural, and Regional Economics. 15576 words.
Dating from the seminal work of Ellison and Glaeser in 1997, a wealth of evidence for the ubiquity of industrial agglomerations has been published. However, most of these results are based...
