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Modelling the dynamics of industry populations
journal contribution
posted on 2023-06-08, 19:26 authored by P A Geroski, M MazzucatoThis paper examines four models which might be used to account for variations in the number of producers who operate in a particular market over the lifetime of that market. Two of these are standard economics textbook models, one is a non-standard model and one is a textbook model derived from the literature on organizational ecology. The four models have several observable differences and this opens up the possibility of testing any one against the others. We apply these four models to 93 years of data on the population of domestic car producers in the US car industry. The salient feature of this population is the very large rise and fall in the number of firms operating in the very early years of the industry, a phenomena which seems hard to account for using any of the three textbook models that we consider here.
History
Publication status
- Published
Journal
International Journal of Industrial OrganizationISSN
0167-7187Publisher
ElsevierExternal DOI
Issue
7Volume
19Page range
1003-1022Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2015-01-06Usage metrics
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