Gibrat's Legacy

Journal of Economic Literature

Volumn 35, Issue 1, 1997, Pages 40-59

  Sutton, John ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0347509690     PISSN: 00220515     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (72)

1. ACS, ZOLTAN S. AND AUDRETSCH, DAVID B. Innovation and small firms. Cambridge, MA: MIT Press, 1990.
2. AMEMIYA, TAKESHI. "Tobit Models: A Survey," Econometrics, Jan./Feb., 1984 24(1/2), pp. 3-61.
3. BADEN-FULLER, CHARLES. "Exit from Declining Industries and the Case of Steel Castings," Econ J., Dec. 1989 99(398), pp. 949-61.
4. BAIN, JOE S. International differences in industrial structure: Eight nations in the 1950s. New Haven: Yale U. Press, 1966.
5. BOERI, TITO AND CRAMER, ULRICH. "Employment Growth, Incumbents and Entrants," Int. J. Ind. Org., Dec. 1992, 10(4), pp. 545-65.
6. BULOW, JEREMY AND SHOVEN, JOHN. "The Bankruptcy Decision," Bell J. Econ., Autumn 1978, 9(2), pp. 437-56.
7. CARROLL, GLENN R. "A Stochastic Model of Organizational Mortality: Review and Reanalysis," Soc. Sci. Res., Dec. 1983, 12(4), pp. 303-29.
8. CAVES, RICHARD E. AND PORTER, M. E. "From Entry Barriers to Mobility Barriers," Quart. J. Econ., May 1977, 91(2), pp. 241-67.
9. CLARKE, ROGER. "Geroski's Market Dynamics and Entry: A Review," Int. J. Econ. Bus., 1993, 1, pp. 455-59.
10. COHEN, WESLEY M. AND LEVIN, RICHARD C. "Empirical Studies of Innovation and Market Structure," in Handbook of industrial organization. Vol. 2. Eds.: RICHARD SCHMALENSEE AND ROBERT WILLIG. Amsterdam: North-Holland, 1989, pp. 1059-1107.
11. DAVIES, STEVEN W. ET AL. The dynamics of market leadership in the UK manufacturing industry, 1979-1986. Report series. London Business School. Centre for Business Strategy, 1991.
12. DAVIS, STEVEN J. AND HALTIWANGER, JOHN. "Gross Job Creation, Gross Job Destruction, and Employment Reallocation," Quart. J. Econ., Aug. 1992, 57(430), pp. 819-63.
13. DEILY, MARY E. "Capacity Reduction in the Steel Industry." Ph.D. Thesis, Harvard U, 1985.
14. _. "Exit Strategies and Plant-Closing Decisions: The Case of Steel," Rand J. Econ., Summer 1991, 22(2), pp. 250-63.
15. DIERICKX, INGEMAR; MATUTES, CARMEN AND NEVEN, DAMIEN J. "Cost Differences and Survival in Declining Industries," Europ. Econ. Rev., Dec. 1991, 35(8), pp. 1507-28.
16. DIXIT, AVINASH K. AND PINDYCK, ROBERT S. Investment under uncertainty. Princeton, NJ: Princeton U. Press, 1994.
17. DUNNE, TIMOTHY; ROBERTS, MARK J. AND SAMUELSON, LARRY. "Patterns of Firm Entry and Exit in U.S. Manufacturing Industries," Rand J. Econ., Winter 1988, 19(4), pp. 495-515.
18. _. "The Growth and Failure of U.S. Manufacturing Plants," Quart. J. Econ., Nov. 1989, 104(4), pp. 671-98.
19. ERICSON, RICHARD AND PAKES, ARIEL. "Markov-Perfect Industry Dynamics: A Framework for Empirical Work," Rev. Econ. Stud., Jan. 1995, 62(1), pp. 53-82.
20. EVANS, DAVID S. "The Relationship between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries," J. Ind. Econ., June 1987a, 35(4), pp. 567-81.
21. _. "Tests of Alternative Theories of Firm Growth," J. Polit. Econ., Aug. 1987b, 95(4), pp. 657-74.
22. GEROSKI, PAUL. Market dynamics and entry. Oxford: Basil Blackwell, 1991.
23. GEROSKI, PAUL AND SCHWALBACH, JOACHIM. Entry and market contestability. Oxford: Blackwell Pub., 1991.
24. GHEMAWAT, PANKAJ AND NALEBUFF, BARRY. "The Devolution of Declining Industries," Quart. J. Econ., Feb. 1990, 105(1), pp. 167-86.
25. GIBRAT, ROBERT. Les inégalités économiques; applications: aux inégalités des richesses, à la concentration des entreprises, aux populations des villes, aux statistiques des familles, etc., d'une loi nouvelle, la loi de l'effet proportionnel. Paris: Librairie du Recueil Sirey, 1931.
26. GORT, MICHAEL AND KLEPPER, STEVEN. "Time Paths in the Diffusion of Product Innovations," Econ. J., Sept. 1982, 92(367), pp. 630-53.
27. HALL, BRONWYN. "The Relationship between Firm Size and Firm Growth in the U.S. Manufacturing Sector," J. Ind. Econ., June 1987, 35(4), pp. 583-606.
28. HANNAH, LESLIE AND KAY, JOHN A. Concentration in modern industry: Theory and measurement and the U.K. experience. London: Macmillan, 1977.
29. _. "The Contribution of Mergers to Concentration Growth: A Reply to Professor Hart," J. Ind. Econ., Mar. 1981, 29(3), pp. 305-13.
30. HART, PETER. "The Size and Growth of Firms," Economica, N.S., Feb. 1962, 29(113), pp. 29-39.
31. HJALMARSSON, LENNART. "The Size Distribution of Establishments and Firms Derived from an Optimal Process of Capacity Expansion," Europ. Econ. Rev., Aug. 1974, 5(2), pp. 123-40.
32. _. "Capacity Expansion and Its Implications for the Size Distribution of Firms: Reply [to Vining]," Europ. Econ. Rev., Apr. 1976, 7(3) pp. 287-92.
33. HUBBARD, R. GLENN. "Investment Under Uncertainty: Keeping One's Options Open," J. Econ. Lit., Dec. 1994, 32(4), pp. 1816-31.
34. HYMER, STEPHEN AND PASHIGAN, PETER. "Firm Size and Rate of Growth," J. Polit. Econ., Dec. 1962, 70(6), pp. 556-69.
35. IJIRI, YUJI AND SIMON, HERBERT A. Skew distributions and the sizes of business firms. Amsterdam: North-Holland Pub. Co., 1977.
36. JASKOLD-GABSZEWICZ, JEAN AND THISSE, JACQUES. "Entry (and Exit) in a Differentiated Industry," J. Econ. Theory, Apr. 1980, 22(2), pp. 327-38.
37. JOVANOVIC, BOYAN. "Selection and the Evolution of Industry," Econometrica, May 1982, 50(3), pp. 649-70.
38. JOVANOVIC, BOYAN AND MACDONALD, GLENN M. "The Life Cycle of a Competitive Industry," J. Polit. Econ., Apr. 1994, 102(2), pp. 322-47.
39. KALECKI, MICHAEL. "On the Gibrat Distribution," Econometrica, Apr. 1945, 13(2), pp. 161-70.
40. KAPTEYN, JACOBUS AND UVEN, MARIE JOHAN VAN. Skew frequency curves in biology and statistics. Groningen: Hoitsema Brothers, 1916.
41. KLEPPER, STEVEN. "Entry, Exit, Growth, and Innovation Over the Product Life Cycle," Amer. Econ. Rev., June 1996, 86(3), pp. 562-83.
42. KLEPPER, STEVEN AND GRADDY, ELIZABETH. "The Evolution of New Industries and the Determinants of Market Structure," Rand J. Econ., Spring 1990, 21(1), pp. 27-44.
43. KLEPPER, STEVEN AND SIMONS, KENNETH. "Technological Change and Industry Shakeouts." Working Paper, Carnegie Mellon U., Pittsburgh, 1993.
44. KUMAR, MANMOHAN S. "Growth, Acquisition Activity and Firm Size: Evidence from the United Kingdom," J. Ind. Econ., Mar. 1985, 33(3), pp. 327-38.
45. LAMBSON, VAL EUGENE. "Industry Evolution with Sunk Costs and Uncertain Market Conditions," Int. J. Ind. Org., June 1991, 9(2), pp. 171-96.
46. LIEBERMAN, MARVIN. "Exit from Declining Industries: 'Shakeout' or 'Stakeout'?" Rand J. Econ., Winter 1990, 21(4), pp. 538-54.
47. LONDREGAN, JOHN. "Entry and Exit Over the Industry Life Cycle," Rand J. Econ., Autumn 1990, 21(3), pp. 446-58.
48. MANSFIELD, EDWIN. "Entry, Gibrat's Law, Innovation, and the Growth of Firms," Amer. Econ. Rev., Dec. 1962, 52(5), pp. 1023-51.
49. MCCLOUGHAN, PATRICK. "Simulation of Concentration Development from Modified Gibrat Growth-Entry-Exit Processes," J. Ind. Econ., Dec. 1995, 43(4), pp. 405-33.
50. NELSON, RICHARD R. AND WINTER, SIDNEY G. An evolutionary theory of economic change. Cambridge, MA: Harvard U. Press, 1982.
51. ORR, DALE. "The Determinants of Entry: A Study of the Canadian Manufacturing Industries," Rev. Econ. Statist., Feb. 1974, 56(1), pp. 58-66.
52. PAKES, ARIEL; GOWRISANKARAN, GAUTAM AND MCGUIRE, PAUL. "Implementing the Pakes-McGuire Algorithm for Computing Markov Perfect Equilibria in Gauss." Working Paper, Yale U., 1993.
53. PAKES, ARIEL AND MCGUIRE, PAUL. "Computing Markov-Perfect Nash Equilibria: Numerical Implications of a Dynamic Differentiated Product Model," Rand J. Econ., Winter 1994, 79(2), pp. 555-89.
54. PHLIPS, LOUIS. Effects of industrial concentration: a cross-section analysis for the common market, Amsterdam: North-Holland, 1971.
55. PRAIS, SIGBERT J. The evolution of giant firms in Britain. London: Cambridge U. Press, 1976.
56. PRYOR, FREDERIC L. "An International Comparison of Concentration Ratios," Rev. Econ. Statist., May 1972, 54(2), pp. 130-40.
57. REYNOLDS, STANLEY S. "Plant Closings and Exit Behaviour in Declining Industries," Economica, Nov. 1988 55(220), pp. 493-503.
58. SAMUELS, JOHN M. "Size and Growth of Firms," Rev. Econ. Stud., Apr. 1965, 32(1), pp. 105-12.
59. SCHARY, MARTHA A. "The Probability of Exit," Rand J. Econ., Autumn 1991, 22(3), pp. 339-53.
60. SCHERER, FREDERIC M. Industrial market structure and economic performance. 2nd ed., Boston: Houghton Mifflin, 1980.
61. SCHMALENSEE, RICHARD. "Inter-industry Studies of Structure and Performance," in Handbook of industrial organization. Vol 2. Eds.: RICHARD SCHMALENSEE AND ROBERT WILLIG. Amsterdam: North-Holland, 1989, pp. 951-1009.
62. SELTEN, REINHARD. "A Model of Oligopolistic Size Structure and Profitability," Europ. Econ. Rev., June 1983, 22(1), pp. 33-57.
63. SHAKED, AVNER AND SUTTON, JOHN. "Natural Oligopolies," Econometrica, Sept. 1983, 51(5), pp. 1469-83.
64. SINGH, AJIT AND WHITTINGTON, GEOFFREY. Growth, profitability and valuation. London: Cambridge U. Press, 1968.
65. _. "The Size and Growth of Firms," Rev. Econ. Stud., Jan. 1975, 42(1), pp. 15-26.
66. STEINDL, JOSEPH. Random processes and the growth of firms: A study of the Pareto law. London: Griffin, 1965.
67. _. "Size Distributions in Economics," in International encyclopedia of social sciences. Ed.: DAVID L. SILLS. London: Collier Macmillan, 1968, pp. 295-300.
68. SUTTON, JOHN. Sunk costs and market structure. Cambridge, MA: MIT Press, 1991.
69. _. "The Size Distribution of Businesses, Part I." STICERD Discussion Paper No. EI/9, London School of Economics, 1995.
70. _. "Game-theoretic Models of Market Structure," in Advances in economics and econometrics: Theory and applications. Proceedings of the Seventh World Congress of the Econometric Society. Eds.: D. KREPS AND K. WALLIS. Cambridge: Cambridge U. Press, 1997.
71. VERNON, RAYMOND. "International Investment and International Trade in the Product Cycle," Quart. J. Econ., May 1966, 80(2), pp. 190-207.
72. WHINSTON, MICHAEL D. "Exit with Multiplant Firms," Rand J. Econ., Winter 1988, 19(4), pp. 568-88.