The industry life-cycle of the size distribution of firms

Review of Economic Dynamics

Volumn 12, Issue 4, 2009, Pages 648-667

  Dinlersoz, Emin M ^a   MacDonald, Glenn ^b  

^a International Arbitration and Litigation Practice   (United States)

^b WASHINGTON UNIVERSITY IN ST LOUIS   (United States)

Author keywords

Firm size distribution; Industry dynamics; Industry evolution; Manufacturing industries

Indexed keywords

EID: 69349086055     PISSN: 10942025     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.red.2009.01.001     Document Type: Article

References (39)

1. Agarwal R. Evolutionary trends in industry variables. International Journal of Industrial Organization 16 (1998) 511-525
2. Agarwal R., and Gort M. First-mover advantage and the speed of competitive entry, 1887-1986. Journal of Law and Economics 44 (1996) 161-177
3. Agarwal R., and Gort M. The evolution of markets and entry, exit, and survival of firms. Review of Economics and Statistics 78 (2001) 489-498
4. Axtell R. Zipf distribution of U.S. firm sizes. Science 292 (2001) 1818-1820
5. Bendel R.B., Higgens S.S., Teberg J.E., and Pyke D.A. Comparison of skewness coefficient, coefficient of variation, and Gini coefficient as inequality measures with-in populations. Oecologia 78 (1989) 398-400
6. Bartelsman, Eric, Gray, Wayne, 1996. The NBER manufacturing database. Technical working paper 205. NBER
7. Cabral L., and Mata J. On the evolution of the firm size distribution: Facts and theory. American Economic Review 93 (2003) 1075-1090
8. Chandler A.D. Inventing the Electronic Century: The Epic Story of the Consumer Electronics and Computer Industries (2001), Harvard University Press, Cambridge, MA
9. Dunne T., Roberts M., and Samuelson L. Patterns of firm entry and exit in U.S. manufacturing industries. RAND Journal of Economics 19 (1988) 495-515
10. Dunne T., Roberts M., and Samuelson L. The growth and failure of U.S. manufacturing plants. Quarterly Journal of Economics 104 (1989) 671-698
11. Ghemawat P., and Nalebuff B. Exit. RAND Journal of Economics 16 (1985) 184-194
12. Ghemawat P., and Nalebuff B. The devolution of declining industries. Quarterly Journal of Economics 105 (1990) 167-186
13. Gibrat R. Les Inegalites Economiques (1931), Librairie du Recueil Sirey
14. Gort M., and Klepper S. Time paths in the diffusion of product innovations. Economic Journal 92 (1982) 630-653
15. Hodrick R.J., and Prescott E. Post-war U.S. business cycles: An empirical investigation. Journal of Money, Credit, and Banking 1 (1997) 1-16
16. Hopenhayn H. Entry, exit, and firm dynamics in the long run equilibrium. Econometrica 60 (1992) 1127-1150
17. Ijiri Y., and Simon H. Business firm growth and size. American Economic Review 54 (1964) 77-89
18. Ijiri Y., and Simon H. Interpretations of departures from the Pareto curve firm-size distributions. Journal of Political Economy 82 (1974) 315-331
19. Ijiri Y., and Simon H. Skew Distributions and the Sizes of Business Firms (1977), North-Holland, New York
20. Jovanovic B. Selection and the evolution of industry. Econometrica 50 (1982) 649-670
21. Jovanovic B., and MacDonald G. The life cycle of a competitive industry. Journal of Political Economy 102 (1994) 322-347
22. Jovanovic B., and MacDonald G. Competitive diffusion. Journal of Political Economy 102 (1994) 24-52
23. Klepper S., and Graddy E. The evolution of new industries and the determinants of market structure. RAND Journal of Economics 21 (1990) 27-44
24. Klepper S. Entry, exit, growth, and innovation over the product life cycle. American Economic Review 86 (1996) 562-583
25. Klepper S., and Simons K. The making of an oligopoly: Firm survival and technological change in the evolution of the U.S. tire industry. Journal of Political Economy 108 (2000) 728-760
26. Kumar, Krishna, Rajan, Raghuram, Zingales, Luigi, 2002. What determines firm size? Working paper. Graduate Business School, University of Chicago
27. Lieberman M. Exit from declining industries: "Shakeout" or "Stakeout"?. RAND Journal of Economics 21 (1990) 538-554
28. Lotti F., and Santarelli E. Industry dynamics and the distribution of firm sizes: A nonparametric approach. Southern Economic Journal 70 (2004) 443-466
29. Lucas R. On the size distribution of business firms. Bell Journal of Economics 9 (1978) 508-523
30. Mueller W., and Hamm L. Trends in industrial market concentration. Review of Economics and Statistics 56 (1974) 511-520
31. Rossi-Hansberg E., and Wright M.L.J. Firm size dynamics in the aggregate economy. American Economic Review 97 (2007) 1639-1666
32. Siegel S., and Castellan Jr. N.J. Nonparametric Statistics for the Behavioral Sciences. second ed (1988), McGraw-Hill
33. Simon H., and Bonini C. The size distribution of business firms. American Economic Review 48 (1958) 607-617
34. Simons, Kenneth, 2001. Product market characteristics and the industry life-cycle. Manuscript. University of London
35. Sutton J. Sunk Costs and Market Structure (1991), MIT Press, Cambridge
36. Sutton J. Gibrat's legacy. Journal of Economic Literature 35 (1997) 40-59
37. Syverson C., Haltiwanger J., and Foster L. Reallocation, firm turnover, and efficiency: Selection on productivity or profitability?. American Economic Review 98 (2008) 394-425
38. Whinston M.D. Exit with multiplant firms. RAND Journal of Economics 19 (1988) 74-94
39. White L.J. Trends in aggregate concentration in the United States. Journal of Economic Perspectives 16 (2002) 137-160