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The Agglomeration of Bankruptcy

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NBER2014-06-01 更新2025-01-04 收录
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This paper identifies a new channel through which bankrupt firms impose negative externalities on non-bankrupt peers. The bankruptcy and liquidation of a retail chain weakens the economies of agglomeration in any given local area, reducing the attractiveness of retail centers for remaining stores

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2014-06-01
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