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"An Equilibrium Model of Firm Growth and Industry Dynamics''

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  • Arthur Fishman
  • Rafael Rob

Abstract

We develop a model of firm size in which firms are unable to access as many consumers as they want. Nwely arrived consumers match randomly with firms. Subsequently consumers must pay "search costs"to be able to switch firms.

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Bibliographic Info

Paper provided by University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences in its series CARESS Working Papres with number 97-13.

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Handle: RePEc:wop:pennca:97-13

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Cited by:
  1. Sian Owen, 2001. "Failures in B2C Companies; Two Examples and Lessons for New Players," Working Paper Series 113, Finance Discipline Group, UTS Business School, University of Technology, Sydney.

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