Replication data for: Estimating a War of Attrition: The Case of the US Movie Theater Industry

Principal Investigator(s):  View help for Principal Investigator(s) Yuya Takahashi

Version:  View help for Version V1

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  20110701_data 12/06/2019 04:23:PM
LICENSE.txt text/plain 14.6 KB 12/06/2019 11:23:AM

Project Citation: 

Takahashi, Yuya. Replication data for: Estimating a War of Attrition: The Case of the US Movie Theater Industry. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116132V1

Project Description

Summary:  View help for Summary This 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)

Scope of Project

JEL Classification:  View help for JEL Classification
      D25 Intertemporal Firm Choice: Investment, Capacity, and Financing
      L11 Production, Pricing, and Market Structure; Size Distribution of Firms
      L82 Entertainment; Media
      N72 Economic History: Transport, Trade, Energy, Technology, and Other Services: U.S.; Canada: 1913-


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