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Corporate Demography and Empirical Industrial Organization: A Critical Appraisal

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  • H. E. Frech

Abstract

The emerging field of corporate demography views corporations and industries in a similar way to human or animal individuals and groups. In spite of a surprisingly large overlap of subject matter with economics, corporate demography is not well-known by, nor easily accessible to economists. An extremely useful recent book, The Demography of Corporations and Industries, by Glenn R. Carroll and Michael T. Hannan (2000) should change that. This review essay critically examines corporate demography from an economic viewpoint. The very different view of competition in corporate demography gets particular attention.

Suggested Citation

  • H. E. Frech, 2002. "Corporate Demography and Empirical Industrial Organization: A Critical Appraisal," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 9(3), pages 437-448.
  • Handle: RePEc:taf:ijecbs:v:9:y:2002:i:3:p:437-448
    DOI: 10.1080/1357151021000010418
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    References listed on IDEAS

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    1. Boyan Jovanovic, 2001. "Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries," Journal of Economic Literature, American Economic Association, vol. 39(1), pages 105-119, March.
    2. Blair, Roger D & Vogel, Ronald J, 1978. "A Survivor Analysis of Commercial Health Insurers," The Journal of Business, University of Chicago Press, vol. 51(3), pages 521-529, July.
    3. Frech, H. E. III & Miller, Richard D. Jr., 1996. "The Productivity of Health Care and Pharmaceuticals: An International Comparison," University of California at Los Angeles, Research Program in Pharmaceutical Economics and Policy qt0d90459k, Research Program in Pharmaceutical Economics and Policy, UCLA.
    4. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58, pages 211-211.
    5. Troske, Kenneth R, 1996. "The Dynamic Adjustment Process of Firm Entry and Exit in Manufacturing and Finance, Insurance, and Real Estate," Journal of Law and Economics, University of Chicago Press, vol. 39(2), pages 705-735, October.
    6. Danger, K. & Frech, H.E.III., 2001. "Critical Thinking about "Critical Loss" in Antitrust," Papers 01-4, U.S. Department of Justice - Antitrust Division.
    7. Jarrell, Gregg & Peltzman, Sam, 1985. "The Impact of Product Recalls on the Wealth of Sellers," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 512-536, June.
    8. Frech, H E, III & Ginsburg, Paul B, 1974. "Optimal Scale in Medical Practice: A Survivor Analysis," The Journal of Business, University of Chicago Press, vol. 47(1), pages 23-36, January.
    9. Keeler, Theodore E, 1989. "Deregulation and Scale Economies in the U.S. Trucking Industry: An Econometric Extension of the Survivor Principle," Journal of Law and Economics, University of Chicago Press, vol. 32(2), pages 229-253, October.
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    Cited by:

    1. Russell, Bonita I. & Shapiro, Daniel & Vining, Aidan R., 2010. "The evolution of the Canadian mining industry: The role of regulatory punctuation," Resources Policy, Elsevier, vol. 35(2), pages 90-97, June.
    2. Majumdar Sumit K., 2015. "Competitor entry impact on jobs and wages in incumbent firms: retrospective evidence from a natural experiment," Business and Politics, De Gruyter, vol. 17(2), pages 291-326, August.
    3. Sumit Majumdar, 2008. "Foreign exchange legislation transformation and enterprise demography in India," European Journal of Law and Economics, Springer, vol. 25(1), pages 39-56, February.

    More about this item

    Keywords

    Entry; Exit; Demography; Survivor Analysis; Firm Growth;

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