Abstract

http://ssrn.com/abstract=1735196
 
 

References (35)



 
 

Citations (1)



 


 



Entry, Exit, and the Endogenous Market Structure in Technologically Turbulent Industries


Myong-Hun Chang


Cleveland State University - Economics

2011

Eastern Economic Journal, Vol. 37, Issue 1, pp. 51-84, 2011

Abstract:     
Empirical studies have found high correlation between entry and exit across industries, indicating that industries differ substantially in their degree of firm turnover. I propose a computational model of dynamic oligopoly with entry and exit in a turbulent technological environment. I examine how industry-specific factors give rise to across-industries differences in turnover. An analysis of the endogenous relationships between firm turnover, industry concentration, and the performance variables shows: (1) the rate of turnover and industry concentration are positively related; (2) industry concentration and market price are positively related; (3) no general relationship exists between industry concentration and price-cost margin.

Number of Pages in PDF File: 34

Accepted Paper Series





Date posted: January 5, 2011  

Suggested Citation

Chang, Myong-Hun, Entry, Exit, and the Endogenous Market Structure in Technologically Turbulent Industries (2011). Eastern Economic Journal, Vol. 37, Issue 1, pp. 51-84, 2011. Available at SSRN: http://ssrn.com/abstract=1735196 or http://dx.doi.org/10.1057/eej.2010.55

Contact Information

Myong-Hun Chang (Contact Author)
Cleveland State University - Economics ( email )
Cleveland, OH
United States
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