Firm Survival and the Evolution of Oligopoly

Posted: 29 Jan 2002

See all articles by Steven Klepper

Steven Klepper

Carnegie Mellon University - David A. Tepper School of Business

Abstract

After their commercial introduction, the number of producers of autos, tires, televisions, and penicillin initially grew and then experienced a sharp decline or shakeout. Guided by an evolutionary model of entry and exit, firm survival patterns in the four products are examined to determine whether there were common forces governing their distinctive evolution. Predictions concerning the effects of pre- and post-entry experience and the timing of entry on firm survival are tested. The findings are used to reflect on why industries experience shakeouts and evolve to be oligopolies.

Suggested Citation

Klepper, Steven, Firm Survival and the Evolution of Oligopoly. Available at SSRN: https://ssrn.com/abstract=294544

Steven Klepper (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States
412-268-3235 (Phone)
412-268-6938 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,034
PlumX Metrics