The survival of new products

被引:27
作者
Asplund, M [1 ]
Sandin, R [1 ]
机构
[1] Stockholm Sch Econ, Dept Econ, SE-11383 Stockholm, Sweden
关键词
product survival; multiproduct firms; duration model; beer market;
D O I
10.1023/A:1007708612713
中图分类号
F [经济];
学科分类号
02 ;
摘要
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also dependent on firm characteristics; products from firms with the largest market shares face a greater risk of being withdrawn.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.
引用
收藏
页码:219 / 237
页数:19
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