This paper examines the role played by uncertainty and sunk costs on the timeseries fluctuations in industry structure ….S. manufacturing industries over a 30-year period, our estimates show that time periods of greater uncertainty, especially in … as a key driver of industry dynamics, our results indicate that uncertainty and sunk costs play a crucial role. Our …

are widened by uncertainty. Our econometric model for six euro area countries suggests domestic demand and capacity … regression model and find that domestic demand developments and uncertainty are relevant for short-run export dynamics … empirical results are robust to the inclusion of a variable measuring European policy uncertainty. In some cases (Italy, Greece …

demand uncertainty. The observation that exit rates decline with firm age motivates the assumption of last-in first …

-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids …

dynamics. It features aggregate demand uncertainty, sunk entry costs, stochastic idiosyncratic technological progress, and …