In this case study of the Swedish beer market we relate the volatility of firms' market shares to changes in their products' market shares. We focus on the four leading firms' product portfolios, and in particular the development of the market shares of old, newly introduced, and withdrawn...

In spite of the large and growing literature on producer heterogeneity and firm exit behavior, little attention has been paid to the vintage capital theory of firm exits as an alternative hypothesis to learning/selection. Interpreted at the firm level the vintage capital theory predicts that...

This paper analyses the relationship between the size of jurisdictions and the degree of redistribution. A simple political economy model with cross-border shopping and limited and impure altruism is developed in order to study how the size of jurisdictions affects both the cost of...

Anticipation of technological progress may induce potential buyers to delay adoption of a new product. We analyze how buyers' waiting option can alter firms' innovation strategies. It is shown that the firms' choice of innovation strategies relies on the possibility of selling products before...