How Long to Read Building New Plants Or Entering by Acquisition?

How Long Does it Take to Read Building New Plants Or Entering by Acquisition??

It takes the average reader 1 hour and 35 minutes to read Building New Plants Or Entering by Acquisition? by Hector Perez Saiz

Assuming a reading speed of 250 words per minute. Learn more

Description

In many industries, firms usually have two choices when expanding into new markets: They can either build a new plant (greenfield entry) or they can acquire an existing incumbent. The U.S. cement industry is a clear example. For this industry, I study the effect of two policies on the entry behavior and industry equilibrium: An asymmetric environmental policy that creates barriers to greenfield entry and a policy that creates barriers to entry by acquisition (like an antitrust policy). In the U.S. cement industry, the comparative advantage (e.g., TFP or size) of entrants versus incumbents and the regulatory entry barriers are important factors that determine the means of expansion. To model this industry, I use a perfect information static entry game. To estimate the supply and demand primitives of my model, I apply a recent estimator of discrete games to a rich database of the U.S. Census of Manufactures for the years 1963-2002. In my counterfactual analyses, I find that a less favorable environment for mergers during the Reagan-Bush administration would decrease the acquired plants by 70% and increase the new plants by 20%. Also, I find that the Clean Air Act Amendments of 1990 increased the number of acquisitions by 7.8%. Furthermore, my simulations suggest that regulations that create barriers to green.eld entry are less favorable in terms of welfare than regulations that create barriers to entry by acquisition. Finally, I demonstrate how my parameter estimates change when I apply the traditional approach in the entry literature where entry by acquisition is not considered, and when using a simple OLS estimation.

How long is Building New Plants Or Entering by Acquisition??

Building New Plants Or Entering by Acquisition? by Hector Perez Saiz is 94 pages long, and a total of 23,876 words.

This makes it 32% the length of the average book. It also has 29% more words than the average book.

How Long Does it Take to Read Building New Plants Or Entering by Acquisition? Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 10 minutes to read Building New Plants Or Entering by Acquisition? aloud.

What Reading Level is Building New Plants Or Entering by Acquisition??

Building New Plants Or Entering by Acquisition? is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Building New Plants Or Entering by Acquisition??

Building New Plants Or Entering by Acquisition? by Hector Perez Saiz is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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