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| Author: | Datta, B. Dixon, H. |
| Title: | Technological change, entry, and stock-market dynamics: an analysis of transition in a monopolistic industry |
| Journal: | American Economic Review
2002 : MAY, VOL. 92:2, p. 231-235 |
| Index terms: | ENTRY CONDITIONS MONOPOLY SHARE PRICES STOCK MARKETS TECHNOLOGICAL CHANGE |
| Language: | eng |
| Abstract: | The authors consider the share-price dynamics induced by changes in technological progress (perhaps due to the introduction of a new technology or institutional reforms) and the resultant entry of firms. The focus is not so much in comparing the steady states before or after the change, but rather on the transitional dynamics of the industry or economy it adjusts. |
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