The great industry gamble: market structure dynamics as a survival contest.
Industry dynamics are studied as an endogenous tournament with infinite horizon and stochastic entry. In each period, firms' investments determine their probability of surviving into the next period. This generates a survival contest, which fuels market structure dynamics, while the evolution of mar...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 43; no. 2; pp. 348 - 368 |
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| Formato: | Artículo |
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Wiley-Blackwell
Summer2012
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| Acceso en línea: | Ver este registro en EBSCOhost |