An Equilibrium Model of Firm Growth and Industry Dynamics

Arthur Fishman () and R. Rob

Working Papers from Tel Aviv

Abstract: We develop a model of firm size in which firms are unable to access as many consumers as they want. Nwely arrived consumers match randomly with firms. Subsequently consumers must pay "search costs"to be able to switch firms.

Keywords: CONSUMPTION; ENTERPRISES; DEMAND (search for similar items in EconPapers)
JEL-codes: L10 L11 (search for similar items in EconPapers)
Date: 1997
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Persistent link: http://EconPapers.repec.org/RePEc:fth:teavfo:27-97

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