This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Income Distribution, Market Size and the Evolution of Industry Author info | Abstract | Publisher info | Download info | Related research | Statistics Zhu Wang (Federal Reserve Bank of Kansas City)
Additional information is available for the following
registered author(s):
An industry typically experiences initial mass entry and later shakeout of producers over its life cycle. However, the timing of the evolution varies substantially across markets. By exploring the dynamic interactions between technology progress and demand diffusion, our theory suggests that the cross-market differences of industrial evolution are largely the result of underlying demand factors. Particularly, higher consumer income or larger market size tends to drive faster demand diffusion and earlier industry shakeout. Empirical studies on the US and UK television industries as well as evidence from twenty other US industries support the theoretical findings. (Copyright: Elsevier)
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics .
Volume (Year): 11 (2008)
Issue (Month): 3 (July)
Pages: 542-565
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Handle: RePEc:red:issued:07-110Contact details of provider: Postal: Review of Economic Dynamics Academic Press Editorial Office 525 "B" Street, Suite 1900 San Diego, CA 92101 Fax: 1-860-486-4463 Email: Web page: http://www.EconomicDynamics.org/review.htm More information through EDIRC
Order Information: Email: Web: http://www.EconomicDynamics.org/RED17.htm
For technical questions regarding this item, or to correct its listing, contact: (Christian Zimmermann).
Keywords: Product diffusion Industry life cycle Shakeout Other versions of this item:
Find related papers by JEL classification: D30 - Microeconomics - - Distribution - - - General O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Utterback, James M. & Suarez, Fernando F., 1993.
"Innovation, competition, and industry structure ,"
Research Policy ,
Elsevier, vol. 22(1), pages 1-21, February.
[Downloadable!] (restricted)
Dunne, Timothy & Roberts, Mark J & Samuelson, Larry, 1989.
"The Growth and Failure of U.S. Manufacturing Plants ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 104(4), pages 671-98, November.
[Downloadable!] (restricted)
Other versions: Jovanovic, Boyan & MacDonald, Glenn M, 1994.
"The Life Cycle of a Competitive Industry ,"
Journal of Political Economy ,
University of Chicago Press, vol. 102(2), pages 322-47, April.
[Downloadable!] (restricted)
Other versions:
Jovanovic, B. & MacDonald, G., 1993.
"The Life Cycle of a Competitive Industry ,"
Working Papers
93-34, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Boyan Jovanovic & Glenn MacDonald, 1994.
"The Life-Cycle of a Competitive Industry ,"
NBER Working Papers
4441, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Horvath, Michael & Schivardi, Fabiano & Woywode, Michael, 2001.
"On industry life-cycles: delay, entry, and shakeout in beer brewing ,"
International Journal of Industrial Organization ,
Elsevier, vol. 19(7), pages 1023-1052, July.
[Downloadable!] (restricted)
Evans, David S, 1987.
"Tests of Alternative Theories of Firm Growth ,"
Journal of Political Economy ,
University of Chicago Press, vol. 95(4), pages 657-74, August.
[Downloadable!] (restricted)
Other versions: Rebecca Achee Thornton & Peter Thompson, 2001.
"Learning from Experience and Learning from Others: An Exploration of Learning and Spillovers in Wartime Shipbuilding ,"
American Economic Review ,
American Economic Association, vol. 91(5), pages 1350-1368, December.
[Downloadable!] (restricted)
Hugo A. Hopenhayn, 1993.
"The Shakeout ,"
Economics Working Papers
33, Department of Economics and Business, Universitat Pompeu Fabra.
[Downloadable!]
Grossman, Gene M & Helpman, Elhanan, 1991.
"Endogenous Product Cycles ,"
Economic Journal ,
Royal Economic Society, vol. 101(408), pages 1214-29, September.
[Downloadable!] (restricted)
Other versions:
Grossman, G.M. & Helpman, E., 1989.
"Endogemour Product Cycles ,"
Papers
10-89, Tel Aviv.
Grossman, G.M. & Helpman, E., 1989.
"Endogenous Prduct Cycles ,"
Papers
144, Princeton, Woodrow Wilson School - Public and International Affairs.
Gene M. Grossman & Elhanan Helpman, 1989.
"Endogenous Product Cycles ,"
NBER Working Papers
2913, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Richard J. Sullivan & Zhu Wang, 2005.
"Internet banking: an exploration in technology diffusion and impact ,"
Payments System Research Working Paper
PSR WP 05-05, Federal Reserve Bank of Kansas City.
[Downloadable!]
Timothy Dunne & Mark J. Roberts & Larry Samuelson, 1988.
"Patterns of Firm Entry and Exit in U.S. Manufacturing Industries ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 19(4), pages 495-515, Winter.
[Downloadable!] (restricted)
Other versions: Audretsch, David B, 1991.
"New-Firm Survival and the Technological Regime ,"
The Review of Economics and Statistics ,
MIT Press, vol. 73(3), pages 441-50, August.
[Downloadable!] (restricted)
Klepper, Steven, 1996.
"Entry, Exit, Growth, and Innovation over the Product Life Cycle ,"
American Economic Review ,
American Economic Association, vol. 86(3), pages 562-83, June.
[Downloadable!] (restricted)
Gort, Michael & Klepper, Steven, 1982.
"Time Paths in the Diffusion of Product Innovations ,"
Economic Journal ,
Royal Economic Society, vol. 92(367), pages 630-53, September.
[Downloadable!] (restricted)
Robert E. Lucas Jr., 1978.
"On the Size Distribution of Business Firms ,"
Bell Journal of Economics ,
The RAND Corporation, vol. 9(2), pages 508-523, Autumn.
[Downloadable!] (restricted)
Steven Klepper & Kenneth L. Simons, 2000.
"The Making of an Oligopoly: Firm Survival and Technological Change in the Evolution of the U.S. Tire Industry ,"
Journal of Political Economy ,
University of Chicago Press, vol. 108(4), pages 728-760, August.
[Downloadable!] (restricted)
Stokey, Nancy L, 1991.
"The Volume and Composition of Trade between Rich and Poor Countries ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 58(1), pages 63-80, January.
[Downloadable!] (restricted)
Kiminori Matsuyama, 2002.
"The Rise of Mass Consumption Societies ,"
Journal of Political Economy ,
University of Chicago Press, vol. 110(5), pages 1035-1070, October.
[Downloadable!] (restricted)
Other versions: Boyan Jovanovic & Peter L. Rousseau, 2002.
"Moore's Law and Learning-By-Doing ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 346-375, April.
[Downloadable!] (restricted)
Other versions: Comin, D. & Hobijn, B., 2004.
"Cross-country technology adoption: making the theories face the facts ,"
Journal of Monetary Economics ,
Elsevier, vol. 51(1), pages 39-83, January.
[Downloadable!] (restricted)
Other versions: Steven Klepper & Elizabeth Graddy, 1990.
"The Evolution of New Industries and the Determinants of Market Structure ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 21(1), pages 27-44, Spring.
[Downloadable!] (restricted)
Zhu Wang, 2007.
"Technological Innovation and Market Turbulence: The Dot-com Experience ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 10(1), pages 78-105, January.
[Downloadable!] (restricted)
Other versions: Rob, Rafael, 1991.
"Learning and Capacity Expansion under Demand Uncertainty ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 58(4), pages 655-75, July.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Richard J. Sullivan & Zhu Wang, 2005.
"Internet banking: an exploration in technology diffusion and impact ,"
Payments System Research Working Paper
PSR WP 05-05, Federal Reserve Bank of Kansas City.
[Downloadable!]
Ryo Horii, 2006.
"Wants and Past Knowledge: Growth Cycles with Emerging Industries ,"
Discussion Papers in Economics and Business
06-03, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
[Downloadable!]
Other versions:
Access and
download statistics Did you know? There is a FAQ (frequently asked questions).
This page was last updated on 2008-10-30.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .