Davies, S. W.; Geroski, Paul A. - In: The Review of Economics and Statistics 79 (2000) 3, pp. 383-391
Most previous studies of the dynamics of industry structure, by emphasizing changes in concentration, conceal much of the nature of underlying competitive processes. Here we employ a stochastic firm growth model, estimated on U.K. data of 1979-1986 for over 200 leading firms, to derive joint...
