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http://hdl.handle.net/10419/25612
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| Title: | | Turbulence in high growth and declining industries  |
| Authors: | | Baptista, Rui Karaöz, Murat |
| Issue Date: | | 2007 |
| Series/Report no.: | | Jena economic research papers 2007,043 |
| Abstract: | | We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent entrants is the main selection force in declining markets. As product life cycles progress, trial-and-error entry subsides, and turbulence decreases. |
| Subjects: | | Entry Exit Selection Product life cycle Replacement Displacement |
| JEL: | | L11 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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