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| Author: | Klepper, S. |
| Title: | Firm survival and the evolution of oligopoly |
| Journal: | RAND Journal of Economics
2002 : SPRING, VOL. 33:1, p. 37-61 |
| Index terms: | COMPANIES OLIGOPOLY ANALYTICAL REVIEW COMPANY GROWTH |
| Language: | eng |
| Abstract: | After their commercial introduction, the number of producers of automobiles, 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 on the effects of pre- and post-entry experience and the timing of entry on firm survival are tested. The author uses the findings to reflect on why industries experience shakeouts and evolve to be oligopolies. The paper provides a substantial list of references on this subject. |
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