Information and Industry Dynamics

This paper develops a dynamic industry model in which firms compete to acquire customers over time by disseminating information about themselves under the presence of random shocks to their efficiency. The properties of the model’s stationary equilibrium are related to empirical regularities on firm and industry dynamics. As an application of the model, the effects of a decline in the cost of information dissemination on firm and industry dynamics are explored.

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Year of publication:	2010-08
Authors:	Dinlersoz, Emin M. ; Yorukoglu, Mehmet
Institutions:	Census Bureau, Department of Commerce
Subject:	Information \| industry dynamics \| entry and exit \| firm growth

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	73 pages
Classification:	D80 - Information and Uncertainty. General ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; M37 - Advertising
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010570292