RAND Journal of Economics
Выпуск N1 за 2002 год
Опубликовано на портале: 12-07-2007Steven Klepper RAND Journal of Economics. 2002. Vol. 33. No. 1. P. 37-61.
After their commercial introduction, the number of producers of autos, tires, televisions, and penicillin initially grew and then experienced a sharp decline or shakeout. Guided by an evolutionary model of entry and exit, firm survival patterns in the four products are examined to determine whether there were common forces governing their distinctive evolution. Predictions concerning the effects of pre- and post-entry experience and the timing of entry on firm survival are tested. The findings are used to reflect on why industries experience shakeouts and evolve to be oligopolies.