We study the survival of new products in a market with horizontal product differentiation and rapid product turnover. Our data set consists of monthly sales for all new products in the Swedish beer market during 1989-1995. Results show that products with low and decreasing market shares have high hazard rates. The hazard rates are also dependent on firm characteristics; products from firms with the largest market shares face a greater risk of being withdrawn. We argue that high hazard rates of new products can help to explain high failure rates of new firms.
机构:
UNIV CAMBRIDGE,DEPT APPL ECON,SMALL BUSINESS RES CTR,CAMBRIDGE CB3 9DE,ENGLANDUNIV CAMBRIDGE,DEPT APPL ECON,SMALL BUSINESS RES CTR,CAMBRIDGE CB3 9DE,ENGLAND
DUNNE, P
HUGHES, A
论文数: 0引用数: 0
h-index: 0
机构:
UNIV CAMBRIDGE,DEPT APPL ECON,SMALL BUSINESS RES CTR,CAMBRIDGE CB3 9DE,ENGLANDUNIV CAMBRIDGE,DEPT APPL ECON,SMALL BUSINESS RES CTR,CAMBRIDGE CB3 9DE,ENGLAND
机构:
UNIV CAMBRIDGE,DEPT APPL ECON,SMALL BUSINESS RES CTR,CAMBRIDGE CB3 9DE,ENGLANDUNIV CAMBRIDGE,DEPT APPL ECON,SMALL BUSINESS RES CTR,CAMBRIDGE CB3 9DE,ENGLAND
DUNNE, P
HUGHES, A
论文数: 0引用数: 0
h-index: 0
机构:
UNIV CAMBRIDGE,DEPT APPL ECON,SMALL BUSINESS RES CTR,CAMBRIDGE CB3 9DE,ENGLANDUNIV CAMBRIDGE,DEPT APPL ECON,SMALL BUSINESS RES CTR,CAMBRIDGE CB3 9DE,ENGLAND