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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/95501


    Title: Survival Duration of Plants---Evidence from U.S. Petroleum Refining Industry
    Authors: Chen, Ming-Yuan
    Contributors: 淡江大學產業經濟學系
    Keywords: 存活期間;多廠協調;美國;煉油工業;存活模型;Survival Duration;Multiplant Coordination;United States Of America;Petroleum Refining Industry;Survival Model
    Date: 2000-06
    Issue Date: 2014-02-12 12:30:01 (UTC+8)
    Abstract: This paper presents a duration analysis on the survival of U.S. petroleum refining plants for the 1981-1986 period, when the industry as a whole declines in response to decontrols of crude oil markets . The purpose is to examine the duration dependence and determinants of post-deregulation plant lifetimes. The Weibull model with the correction for unobserved individual heterogeneity provides a better fit to the data. Both small plants receiving larger entitlement subsidies and simple plants equipped with fewer technologies have lower survival duration. An inverse U-shaped effect of multiplant coordination on life duration is found. Longer lifetimes of acquired plants suggest the effect of takeovers in facilitating plant restructuring and survival.
    Relation: 產業經濟學國際學術研討會論文集=Proceedings of the 2000 Taipei International Conference on Industrial Economics,頁1074-1110
    Appears in Collections:[產業經濟學系暨研究所] 會議論文

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