Keyword: market exit
Blocked Exit (3/7/2002)
Inefficient firms in mature industries often are preserved for political reasons long after they should have exited the market.
Keywords: bankruptcy, capacity reduction, Chapter 11, consolidation, exit, glut, import tariffs, market exit, overcapacity, steel industry, steel summit
Flying in the Red (9/3/2005)
Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.
Keywords: airfares, airlines, Chapter 11 bankruptcy, deregulation, discounter, leasing GE, market entry, market exit, regulation
Yes, Boss. (1/16/2006)
The prevalence of yes persons is due to the difficulty of objectively assessing the contribution of white-collar work and the bosses’ human desire to hear confirming information.
Keywords: central planning, Chairman Mao, China, Darwin, feedback, job security, market exit, natural selection, tenure, yes men