Replication data for: Estimating a War of Attrition: The Case of the US Movie Theater Industry
- Takahashi, Yuya
AbstractThis paper empirically studies firm's strategic exit decisions in an environment where demand is declining. Specifically, I quantify the extent to which the exit process generated by firms' strategic interactions deviates from the outcome that maximizes industry profits. I develop and estimate a dynamic exit game using data from the US movie theater industry in the 1950s, when the industry faced demand declines. Using the estimated model, I quantify the magnitude of strategic delays and find that strategic interactions cause an average delay of exit of 2.7 years. I calculate the relative importance of several components of these strategic delays. (JEL D92, L11, L82, N72)
Is supplement to
DOI: 10.1257/aer.20110701 (Text)
Takahashi, Yuya. “Estimating a War of Attrition: The Case of the US Movie Theater Industry.” American Economic Review 105, no. 7 (July 2015): 2204–41. https://doi.org/10.1257/aer.20110701.
- ID: 10.1257/aer.20110701 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06