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Modelling the dynamics of industry populations

Geroski, PA; Mazzucato, M; (2001) Modelling the dynamics of industry populations. International Journal of Industrial Organization , 19 (7) pp. 1003-1022. 10.1016/S0167-7187(01)00060-1. Green open access

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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.

Type: Article
Title: Modelling the dynamics of industry populations
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/S0167-7187(01)00060-1
Publisher version: http://doi.org/10.1016/S0167-7187(01)00060-1
Language: English
Additional information: Copyright © 2001 Elsevier Science B.V. All rights reserved. This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Textbook models; Domestic car producers; Particular market
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose
URI: https://discovery.ucl.ac.uk/id/eprint/1553099
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