An Equilibrium Search Model of Industry Dynamics

Alessandro Barbarino

No 819, 2004 Meeting Papers from Society for Economic Dynamics

Abstract: A model with new industries opening as a Poisson arrival is set up. Firms have the choice to "hop" into new industries searching for their abilities there. The model aims at linking endogenous skill prices (and the value of the firm), the product life cycle and the timing of the switch to the production of new goods in new industries

Keywords: Product Life Cycle; Industry dynamics (search for similar items in EconPapers)
JEL-codes: L1 (search for similar items in EconPapers)
Date: 2004

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