Information and Industry Dynamics

Emin Dinlersoz and Mehmet Yorukoglu

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: This paper develops a dynamic industry model in which firms compete to acquire customers over time by disseminating information about themselves under the presence of random shocks to their efficiency. The properties of the model’s stationary equilibrium are related to empirical regularities on firm and industry dynamics. As an application of the model, the effects of a decline in the cost of information dissemination on firm and industry dynamics are explored.

Keywords: Information; industry dynamics; entry and exit; firm growth (search for similar items in EconPapers)
JEL-codes: D80 L11 L16 M37 (search for similar items in EconPapers)
Pages: 73 pages
Date: 2010-08, Revised 2012-09
New Economics Papers: this item is included in nep-com, nep-dge, nep-ent, nep-ind and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Downloads: (external link)
https://www2.census.gov/ces/wp/2010/CES-WP-10-16R.pdf Revised version, 2012 (application/pdf)
https://www2.census.gov/ces/wp/2010/CES-WP-10-16.pdf First version, 2010 (application/pdf)

Related works:
Journal Article: Information and Industry Dynamics (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:10-16

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