Arbeitspapier
Turbulence in high growth and declining industries
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Jena Economic Research Papers ; No. 2007,043
- Klassifikation
-
Wirtschaft
Production, Pricing, and Market Structure; Size Distribution of Firms
- Thema
-
Entry
Exit
Selection
Product life cycle
Replacement
Displacement
Marktstruktur
Wettbewerb
Produktlebenszyklus
Markteintritt
Marktaustritt
Wachstumsbranche
Schrumpfungsbranche
Portugal
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Baptista, Rui
Karaöz, Murat
- Ereignis
-
Veröffentlichung
- (wer)
-
Friedrich Schiller University Jena and Max Planck Institute of Economics
- (wo)
-
Jena
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Baptista, Rui
- Karaöz, Murat
- Friedrich Schiller University Jena and Max Planck Institute of Economics
Entstanden
- 2007
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