THE LIFE-CYCLE OF A COMPETITIVE INDUSTRY

被引：345

作者：

JOVANOVIC, B

MACDONALD, GM

机构：

[1] ECON RES CTR,NATL OPIN RES CTR,DAYTON,OH

[2] UNIV ROCHESTER,ROCHESTER,NY 14627

来源：

JOURNAL OF POLITICAL ECONOMY | 1994年 / 102卷 / 02期

关键词：

D O I：

10.1086/261934

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Firm numbers first rise, then later fall, as an industry evolves. This nonmonotonicity is explained using a competitive model in which innovation opportunities fuel entry and relative failure to innovate prompts exit; equilibrium time paths for price and quantity also share features of the data. The model is estimated using data from the U.S. automobile tire industry, a particularly dramatic example of the nonmonotonicity in firm numbers.

引用

页码：322 / 347

页数：26

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