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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 Mazzucato
This 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 Organization

ISSN

0167-7187

Publisher

Elsevier

Issue

7

Volume

19

Page range

1003-1022

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2015-01-06

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