An Equilibrium Search Model of Industry Dynamics

A model with new industries opening as a Poisson arrival is set up. Firms have the choice to "hop" into new industries searching for their abilities there. The model aims at linking endogenous skill prices (and the value of the firm), the product life cycle and the timing of the switch to the production of new goods in new industries

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Year of publication:	2004
Authors:	Barbarino, Alessandro
Institutions:	Society for Economic Dynamics - SED
Subject:	Product Life Cycle \| Industry dynamics

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Series:	2004 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Society for Economic Dynamics 2004 Number 819
Classification:	L1 - Market Structure, Firm Strategy, and Market Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005085478