 Modelling the Dynamics of Industry PopulationsMariana Mazzucato and Paul Geroski No 37, Open Discussion Papers in Economics from The Open University, Faculty of Social Sciences, Department of Economics Abstract: This paper examines four models which might be used to account for variations in the number of producers who operate in a particular market over the lifetime of that market. Two of these are standard economics textbook models, one is a non-standard model and one is a textbook model derived from the literature on organizational ecology. The four models have several observable differences and this opens up the possibility of testing any one against the others. We apply these four models to 93 years of data on the population of domestic car producers in the US car industry. The salient feature of this population is the very large rise and fall in the number of firms operating in the very early years of the industry, a phenomena which seems hard to account for using any of the three textbook models that we consider here. JEL-codes: L1 L6 (search for similar items in EconPapers) Published in International Journal of Industrial Organization, Elsevier, vol. 19(7), pages 1003-1022, July There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:opn:wpaper:37 Access Statistics for this paper More papers in Open Discussion Papers in Economics from The Open University, Faculty of Social Sciences, Department of Economics Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to econpapers@oru.se.
EconPapers is hosted by the
School of Business at Örebro University.