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Recent Trends in the Size Structure of Italian Manufacturing Firms

✍ Scribed by Fabrizio Traù

Book ID
110368344
Publisher
Springer US
Year
1997
Tongue
English
Weight
67 KB
Volume
9
Category
Article
ISSN
0921-898X

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This paper focuses on entry of small firms in the manufacturing industries. It is argued that the exit option can be viewed as an insurance against risks of failure, increasing the likelihood of entry in an uncertain environment; the result is implicit in recent stochastic models of competition and