EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers, MPI für Ökonomik >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/25612
  
Title:Turbulence in high growth and declining industries PDF Logo
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

Files in This Item:
File Description SizeFormat
547163819.PDF704.89 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/25612

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.