The Evolution Of Markets And Entry, Exit And Survival Of Firms

    Authors

    R. Agarwal;M. Gort

    Comments

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    Abbreviated Journal Title

    Rev. Econ. Stat.

    Keywords

    DIFFUSION; INDUSTRY; Economics; Social Sciences, Mathematical Methods

    Abstract

    The paper examines entry, exit and the survival of firms in terms of evolutionary changes in the marker from the first introduction of a product to maturity of the market. It is shown that both entry and exit rates depend systematically on the stage of development of the market in the cycle from birth to maturity. Survival rates depend both on stage of development and on individual firm attributes. The empirical work is carried out with data for 25 new products. A complete inventory of entering, exiting and surviving firms from the birth of a new product to its maturity was developed.

    Journal Title

    Review of Economics and Statistics

    Volume

    78

    Issue/Number

    3

    Publication Date

    1-1-1996

    Document Type

    Article

    Language

    English

    First Page

    489

    Last Page

    498

    WOS Identifier

    WOS:A1996VE69900014

    ISSN

    0034-6535

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