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The Evolution of Markets and Entry, Exit and Survival of Firms

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Author Info
Agarwal, Rajshree
Gort, Michael
Abstract

This paper examines entry, exit, and the survival of firms in terms of evolutionary changes in the market from the first introduction of a product to maturity of the market. It is shown that both entry and exit rates depend systematically on the stage of development of the market in the cycle from birth to maturity. Survival rates depend both on stage of development and on individual firm attributes. The empirical work is carried out with data for twenty-five new products. A complete inventory of entering, exiting, and surviving firms from the birth of a new product to its maturity is developed. Copyright 1996 by MIT Press.

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Publisher Info
Article provided by MIT Press in its journal Review of Economics & Statistics.

Volume (Year): 78 (1996)
Issue (Month): 3 (August)
Pages: 489-98
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Handle: RePEc:tpr:restat:v:78:y:1996:i:3:p:489-98

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  3. Natália Barbosa, 2003. "What drives new firms into an industry? An integrative model of entry," Working Papers 23, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho. [Downloadable!]
  4. Lee, Cheryl Hill & Schluter, Gerald, 2002. "Why Do Food Manufacturers Introduce New Products?," Journal of Food Distribution Research, Food Distribution Research Society, vol. 33(01), March. [Downloadable!]
  5. OKAZAKI Tetsuji, 2008. "Industrial Development, Firm Dynamics and Patterns of Productivity Growth: The Case of the Cotton-spinning Industry in Prewar Japan, 1894-1924," Discussion papers 08021, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
  6. van Kranenburg, Hans L. & Palm, Franz C. & Pfann, Gerard A., 2002. "Survival in a Concentrating Industry: The Case of Daily Newspapers in the Netherlands," IZA Discussion Papers 565, Institute for the Study of Labor (IZA). [Downloadable!]
  7. Nyström, Kristina, 2005. "Firm Maturity and Product Processes R&D in Swedish Manufacturing Firms," Working Paper Series in Economics and Institutions of Innovation 39, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies. [Downloadable!]
  8. Blom, Kristina & Karlsson, Charlie, 2000. "Exit And Entry Over The Product Life Cycle: Evidence From The Swedish Manufacturing Industry," ERSA conference papers ersa00p83, European Regional Science Association. [Downloadable!]
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  9. Agarwal, Rajshree & Bayus, Barry L., 2002. "The Market Evolution and Sales Take-Off of Product Innovations," Working Papers 02-0104, University of Illinois at Urbana-Champaign, College of Business. [Downloadable!]
  10. Jackie Krafft & Evens Salies, 2008. "The cost of switching Internet providers in the broadband industry, or why ADSL has diffused faster than other innovative technologies: Evidence from the French case," Post-Print hal-00203512_v1, HAL. [Downloadable!]
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  12. Baldwin, John R., 1999. "A Portrait of Entrants and Exits," Analytical Studies Branch Research Paper Series 1999121e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
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  14. Baldwin, John R. & Beckstead, Desmond & Girard, Andrée, 2002. "The Importance of Entry to Canadian Manufacturing with an Appendix on Measurement Issues," Analytical Studies Branch Research Paper Series 2002189e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
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  18. Riemer, Hila & Mallik, Suman & Sudharshan, Devanathan, 2002. "Market Shares Follow the Zipf Distribution," Working Papers 02-0125, University of Illinois at Urbana-Champaign, College of Business. [Downloadable!]
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