Firm turnover in imperfectly competitive markets

Review of Economic Studies

Volumn 73, Issue 2, 2006, Pages 295-327

  Asplund, Marcus ^a,b   Nocke, Volker ^c  

^a LONDON BUSINESS SCHOOL   (United Kingdom)

^b The Sanford C Bernstein Co Center for Leadership and Ethics   (United States)

^c UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMICS;

EID: 33645681087     PISSN: 00346527     EISSN: 1467937X     Source Type: Journal    
DOI: 10.1111/j.1467-937X.2006.00377.x     Document Type: Article

References (39)

1. ANDERSON, G. (1996), "Nonparametric Tests of Stochastic Dominance in Income Distribution", Econometrica, 64 (5), 1183-1193. Asplund and Nocke(2000)
2. ASPLUND, M. and NOCKE, V. (2000), "Imperfect Competition, Market Size and Firm Turnover" (CEPR Discussion Paper DP 2625, Centre for Economic Policy Research). Asplund and Nocke(2003)
3. ASPLUND, M. and NOCKE, V. (2003), "Firm Turnover in Imperfectly Competitive Markets" (PIER Working Paper 03-010, University of Pennsylvania).
4. BARTELSMAN, E. J. and DOMS, M. (2000), "Understanding Productivity: Lessons from Longitudinal Microdata", Journal of Economic Literature, 38 (3), 569-595.
5. BERGIN, J. and BERNHARDT, D. (1999), "Industry Dynamics" (Mimeo, Queen's University and University of Illinois).
6. BOONE, J. (2000), "Competition" (Mimeo, Tilburg University).
7. BOWLEY, A. L. (1924) The Mathematical Groundwork of Economics (Oxford: Clarendon Press).
8. BRESNAHAN, T. F. and REISS, P. C. (1991), "Entry and Competition in Concentrated Markets", Journal of Political Economy, 99 (5), 977-1009.
9. CABRAL, L. M. B. (1997), "Competitive Industry Dynamics: A Selective Survey of Facts and Theories" (Mimeo, London Business School).
10. CARROLL, G. R. and HANNAN, M. T. (2000) The Demography of Corporations and Industries (Princeton, NJ: Princeton University Press).
11. CAVES, R. E. (1998), "Industrial Organization and New Findings on the Turnover and Mobility of Firms", Journal of Economic Literature, 36 (4), 1947-1982.
12. DAS, S. and DAS, S. P. (1997), "Dynamics of Entry and Exit of Firms in the Presence of Entry Adjustment Costs", International Journal of Industrial Organization, 15 (2), 217-241.
13. DAVIDSON, R. and DUCLOS, J.-Y. (2000), "Statistical Inference for Stochastic Dominance and for the Measurement of Poverty and Inequality", Econometrica, 68 (6), 1435-1464.
14. DAVIS, S. J. and HALTIWANGER, J. C. (1999), "Gross Job Flows", in O. Ashenfelter and D. Card (eds.) Handbook of Labor Economics, Vol. 3B (Amsterdam: North-Holland) 2711-2805.
15. DUNNE, T., ROBERTS, M. J. and SAMUELSON, L. (1988), "Patterns of Firm Entry and Exit in U.S. Manufacturing Industries", Rand Journal of Economics, 19 (4), 495-515.
16. ERICSON, R. and PAKES, A. (1995), "Markov-Perfect Industry Dynamics: A Framework for Empirical Work", Review of Economic Studies, 62 (1), 53-82.
17. EVANS, D. S. (1987), "Tests of Alternative Theories of Firm Growth". Journal of Political Economy, 95 (4), 657-674.
18. FELDMAN, M. and GILLES, C. (1985), "An Expository Note on Individual Risk Without Aggregate Uncertainty", Journal of Economic Theory, 35 (1), 26-32.
19. GSCHWANDTNER, A. and LAMBSON, V. E. (2002), "The Effects of Sunk Costs on Entry and Exit: Evidence from 36 Countries", Economics Letters, 77 (1), 109-115.
20. HOPENHAYN, H. A. (1992), "Entry, Exit, and Firm Dynamics in Long Run Equilibrium", Econometrica, 60 (5), 1127-1150.
21. HOPENHAYN, H. A. and ROGERSON, R. (1993), "Job Turnover and Policy Evaluation: A General Equilibrium Analysis", Journal of Political Economy, 101 (5), 915-938.
22. JOVANOVIC, B. (1982), "Selection and the Evolution of Industry", Econometrica, 50 (3), 649-670.
23. JOVANOVIC, B. and ROSENTHAL, R. W. (1988), "Anonymous Sequential Games", Journal of Mathematical Economics, 17 (1), 77-87.
24. KLEPPER, S. (1996), "Entry, Exit, Growth, and Innovation over the Product Life Cycle", American Economic Review, 86 (3), 562-583.
25. LAMBSON, V. E. (1991), "Industry Evolution with Sunk Costs and Uncertain Market Conditions", International Journal of Industrial Organization, 9 (2), 171-196.
26. LAMBSON, V. E. and JENSEN, F. E. (1998), "Sunk Costs and Firm Value Variability: Theory and Evidence", American Economic Review, 88 (1), 307-313.
27. MELITZ, M. (2003), "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity", Econometrica, 71 (6), 1695-1725.
28. NOCKE, V. (2003), "A Gap for Me: Entrepreneurs and Entry" (PIER Working Paper 03-019, University of Pennsylvania).
29. PAKES, A. and ERICSON, R. (1998), "Empirical Implications of Alternative Models of Firm Dynamics", Journal of Economic Theory, 79 (1), 1-45.
30. PAKES, A. and M c GUIRE, P. (1994), "Computing Markov-Perfect Nash Equilibria: Numerical Implications of a Dynamic Differentiated Product Model", Rand Journal of Economics, 25 (4), 555-589.
31. STOLINE, M. R. and URY, H. A. (1979), "Tables of the Studentized Maximum Modulus Distribution and an Application to Multiple Comparisons Among Means", Technometrics, 21 (1), 87-93.
32. SUTTON, J. (1991) Sunk Costs and Market Structure (Cambridge, MA: MIT Press).
33. SUTTON, J. (1997a), "Game-Theoretic Models of Market Structure", in D. M. Kreps and K. F. Wallis (eds.) Advances in Economics and Econometrics: Theory and Applications. Seventh World Congress, Vol. 1, Econometric Society Monographs, No. 26 (Cambridge: Cambridge University Press) 66-86.
34. SUTTON, J. (1997b), "Gibrat's Legacy", Journal of Economic Literature, 35 (1), 40-59.
35. SUTTON, J. (1997c), "One Smart Agent", Rand Journal of Economics, 28 (4), 605-628.
36. SYVERSON, C. (2004a), "Product Substitutability and Productivity Dispersion", Review of Economics and Statistics, 86 (2), 534-550.
37. SYVERSON, C. (2004b), "Market Structure and Productivity: A Concrete Example", Journal of Political Economy, 112 (6), 1181-1222.
38. UHLIG, H. (1996), "A Law of Large Numbers for Large Economies", Economic Theory, 8 (1), 41-50.
39. VIVES, X. (1999) Oligopoly Pricing (Cambridge, MA: MIT Press).