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    題名: Survival Duration of Plants---Evidence from U.S. Petroleum Refining Industry
    作者: Chen, Ming-Yuan
    貢獻者: 淡江大學產業經濟學系
    關鍵詞: 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
    日期: 2000-06
    上傳時間: 2014-02-12 12:30:01 (UTC+8)
    摘要: 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.
    關聯: 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
    顯示於類別:[產業經濟學系暨研究所] 會議論文


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